The full name of the qualification certificate of futures practitioners is the qualification examination certificate of futures practitioners, which refers to the entry examination of the entry nature of futures practitioners and is also the national vocational qualification examination. The examination is supervised and guided by China Securities Regulatory Commission, sponsored by China Futures Association and specifically undertaken by ATA Company. The broad concept of futures also includes option contracts traded on exchanges.
The so-called futures generally refers to futures contracts, which are standardized contracts made by futures exchanges and agreed to deliver a certain amount and quality of the subject matter at a specific time and place in the future. This subject matter, also known as the underlying asset, can be a commodity, a financial instrument or a financial indicator corresponding to a futures contract.
If the buyer of a futures contract holds the contract until the expiration date, he is obliged to purchase the subject matter corresponding to the futures contract. The seller of a futures contract is obliged to sell the subject matter corresponding to the futures contract if he holds the contract until the expiration date. Of course, traders of futures contracts can also choose to reverse the transaction before the contract expires to offset this obligation.