The paper goods market is similar to the futures market, both of which are forward trading markets. The main differences between them are as follows: 1) The futures market is an exchange market and the bill market is an OTC market. Therefore, the paper market is much more free and flexible than the futures market, without strong restrictions from exchange members, strict margin system, strict trading system and other strict rules and regulations. 2) Many clauses in the paper goods market contract are highly standardized and easier to operate.

Due to the flexible trading and numerous participants in the paper products market, the paper products are highly mobile. Therefore, most of the paper goods market is closed for hedging transactions, with less cash settlement and physical delivery.