What does futures trading mean? What are the characteristics?
Trading characteristic contract standardization futures trading is carried out by buying and selling futures contracts, which are standardized. The standardization of futures contracts means that all terms of futures contracts except price are stipulated by futures exchanges in advance, which has the characteristics of standardization. The standardization of futures contracts has brought great convenience to futures trading, and both parties need not negotiate on the specific terms of the transaction, which saves trading time and reduces trading disputes. Centralized trading futures trading must be carried out in the futures exchange. The futures exchange implements the membership system, and only members can enter the market for trading. Those off-site customers can only entrust trading agents, that is, futures brokerage companies to participate in futures trading. Therefore, the futures market is a highly organized market, and strict management system is implemented, and futures trading is finally completed in the futures exchange.