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Why does the foreign exchange futures IMM have a large turnover near the delivery date?
Because futures speculate on the future price trend. March is the closest to now, so the more people like to trade contracts with the latest date. For example, the most popular futures contract now should be the February contract. The longer the time, the greater the uncertainty brought by time. So there are fewer people to trade. Especially if the contract needs to be changed on the delivery date, then everyone needs to deliver, and the maximum delivery amount of that day is certain.