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What role does the futures market play in the economy?
The role of futures market in microeconomics is as follows:

(1) can lock the production cost and realize the expected profit.

(2) It can reduce the circulation cost and stabilize the relationship between production and sales.

(3) It can improve the contract performance rate and stabilize the economic order.

Broadly speaking, the futures market (future)

Market) includes futures exchanges, clearing houses or settlement companies, brokerage companies and futures traders; The narrow sense of futures market only refers to futures exchanges. The futures exchange is the place to buy and sell futures contracts and the core of the futures market. A mature futures market is equivalent to a completely competitive market to a certain extent, and it is the most ideal market form in economics. Therefore, the futures market is considered to be a higher-level market organization form and an inevitable product of the development of the market economy to a certain stage. The futures market is a place where both parties do not deliver immediately after reaching an agreement or closing a deal, but deliver in a certain period in the future.