Futures market first appeared in Europe. As early as ancient Greece and Rome, there were central trading places, bulk barter transactions, and trading activities with the nature of futures trade. At that time, the Roman Parliament Building Square and the big trading market in Athens were once such central trading places. By the 12 century, this trading method has been developed on a large scale in Britain, France and other countries, with a high degree of specialization. 125 1 year, the British Magna Carta officially allowed foreign businessmen to participate in seasonal fairs in Britain. Later, in trade, there appeared the phenomenon of signing documents in advance for goods in transit, listing the variety, quantity and price of the goods, purchasing them with a down payment, and then buying and selling documents and contracts. 157 1 year, Britain established the first centralized commodity market-Royal London Exchange, and later established the London International Financial Futures Options Exchange on its original site. Later, the first grain exchange was established in Amsterdam, the Netherlands, and a coffee exchange was opened in Antwerp, Belgium. 1666, the Royal Exchange of London was destroyed by the London fire, but several cafes in London continued to trade at that time. /kloc-Around the 0/7th century, the Netherlands invented the option trading method on the basis of futures trading, and formed the option market for trading tulips in Amsterdam Trading Center. 1726, another commodity exchange was born in Paris, France.

(A) 1848 Chicago Board of Trade

(B) 1874 Chicago Mercantile Exchange.

(3) The London Metal Exchange was established in 1876.

(D) 1885 French futures market.