Stock index futures, that is, stock price index futures, also known as stock index futures, refer to standardized futures contracts with stock indexes as the underlying assets. The two sides agreed that at some time in the future, the underlying index can be bought and sold according to the size of the stock price index determined in advance.
The subject matter of stock index futures trading is the stock price index. Since February 1982, the composite average index futures of Kansas Futures Exchange began to trade, stock index futures have attracted more and more attention from all kinds of investors. The scale of transactions has expanded rapidly and the variety of transactions has been increasing.
At present, stock index futures trading has become financial futures, and it is also the largest variety of all futures trading. Stock futures came into being earlier than stock index futures. Stock futures first appeared in 1970s, and stock index futures appeared in America 1982.