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The full name of Stock Index Futures is stock price index futures. It can also be called stock price index futures and futures index. It refers to the stock price index as the underlying object. In a standardized futures contract, both parties agree that on a specific date in the future, they can buy and sell the underlying index according to the size of the stock price index determined in advance. As a type of futures trading, stock index futures trading has basically the same characteristics and processes as ordinary commodity futures trading.