What does financial futures mean? Can you explain it to me in a popular way? Please give an example.
For example, the subject matter of a futures contract is cotton and soybean meal, which is agricultural futures. If the subject matter is cathode copper or rebar, it is industrial futures. What about stock index or national debt? It is neither an agricultural product nor an industrial product, so it is a financial futures. Because the target of his transaction is financial products.