The daily trading volume of the foreign exchange market reaches 4 trillion US dollars, making it the largest and most liquid market in the world. The daily trading volume of the futures market is $30 billion. The liquidity of the futures market is relatively limited and cannot be compared with the foreign exchange market.

The foreign exchange market is 24 hours a day.

The Sydney market opens at 5 pm on Sunday. The Tokyo market opens at 7: 00 pm and 3: 00 am Eastern Time in London. Finally, new york opened at 8: 00 Eastern Time and closed at 4: 00 Eastern Time. Just before the new york market closed, the Sydney market reopened, a 24-hour market!

3. Price certainty

When conducting foreign exchange transactions, relevant instructions and relatively fixed prices can be executed quickly when normal market conditions permit. On the contrary, the prices of futures and stock markets are extremely unstable and cannot be traded immediately.

Foreign exchange is the creditor's rights used by monetary management departments (central bank, monetary management institutions, foreign exchange stabilization fund, Ministry of Finance) in the form of bank deposits, national debt and long-term and short-term forms. Government securities in the case of balance of payments deficit.

Futures and spot are completely different. Spot is a truly tradable commodity. Futures are not commodities, but standardized trading contracts based on mass products such as cotton, soybeans and oil and financial assets such as stocks and bonds. Therefore, the subject matter can be commodities (such as gold, crude oil and agricultural products) or financial instruments.

Extended data

The main characteristics of futures trading:

1. The terms and conditions of a futures contract, such as commodity variety, trading unit, contract month, margin, quantity, quality, grade, delivery time and delivery place, are established and standardized, and the only variable is price. The standards of futures contracts are usually designed by futures exchanges and listed by national regulatory agencies.

2. The futures contract is concluded under the organization of the futures exchange and has legal effect, and the price is generated by public bidding in the trading hall of the exchange; Most foreign countries adopt public bidding, while our country adopts computer trading.

3. The performance of futures contracts is guaranteed by the exchange, and private transactions are not allowed.

4. Futures contracts can fulfill or terminate their contractual obligations through the settlement of spot or hedging transactions.

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