Why do futures allow retail investors to enter? Isn't futures used by commodity companies to hedge? Won't letting retail investors in disturb the market order?
Without speculators, the role of futures in transferring risks will be gone, and the role of hedging will not be achieved. Hedging is to avoid risks, but the risks are still there, not disappearing, and only the risks are transferred to speculators. The participation of speculators bears the risks of the futures market, which also enlivens the transactions in the futures market and attracts many people to participate. The participation of speculators is essential.