Futures trading is an advanced trading method based on spot trading and forward contract trading. Futures trading is a unique function of hedging, preventing excessive market fluctuations, saving commodity circulation costs and promoting fair competition, which is of great significance to the development of China's increasingly active commodity circulation system.
2. Forward transactions
Forward transaction refers to a transaction mode in which buyers and sellers sign forward contracts and agree to conduct transactions in a certain period in the future. When the transaction contract is established, both parties have no foreign exchange or local currency payment. It is a transaction in which both parties agree to buy and sell foreign exchange at the original agreed exchange rate on a specific date in the future. As long as the delivery date is after the direct delivery date, it is a forward transaction.
Extended data
Characteristics of futures trading
1, contract standardization
Futures trading is standardized by buying and selling futures contracts. The standardization of futures contracts means that all terms of futures contracts except price are stipulated by futures exchanges in advance, which has the characteristics of standardization. The standardization of futures contracts has brought great convenience to futures trading, and both parties need not negotiate on the specific terms of the transaction, which saves trading time and reduces trading disputes.
2. Centralized trading
Futures trading must be conducted in a futures exchange. The futures exchange implements the membership system, and only members can enter the market for trading. Those off-site customers can only entrust trading agents, that is, futures brokerage companies to participate in futures trading. Therefore, the futures market is a highly organized market, and strict management system is implemented, and futures trading is finally completed in the futures exchange.
Baidu encyclopedia-futures trading
Baidu Encyclopedia-Forward Trading