Doing futures work requires a futures qualification certificate.

The qualification examination for futures practitioners is an introductory examination for futures practitioners and a 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 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, such as copper or crude oil, a financial instrument, such as foreign exchange and bonds, or a financial indicator, such as three-month interbank offered rate or stock index.

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; If the seller of a futures contract holds the contract until it expires, he is obliged to sell the subject matter corresponding to the futures contract (some futures contracts do not make physical delivery when they expire, but settle the difference, for example, the expiration of stock index futures refers to the final settlement of the futures contract in the opponent according to a certain average value of the spot index). Of course, traders of futures contracts can also choose to reverse the transaction before the contract expires to offset this obligation.

The broad concept of futures also includes option contracts traded on exchanges. Most futures exchanges list both futures and options.