The first stock index futures product in the world is the value line composite index futures contract. 1In February, 1982, Kansas Futures Exchange developed the value line composite index futures contract, and the stock price index also became the object of futures trading, which was the first stock index futures product in history.

Stock index futures are also stock index futures, among which stock index futures and futures index are nicknames. Generally speaking, they refer to standardized futures contracts based on stock indexes. The two parties can agree to buy and sell the underlying index in advance according to the size of the stock index and part of it at a future date, and settle the difference in cash after the expiration.