The characteristics of financial futures contracts include:

(1) adopting standardized contracts, and determining the standard terms of futures contracts in advance in terms of commodity variety, quality, quantity, delivery time and place; (2) Most futures contracts are performed by hedging, and only a few are delivered in kind, and most of them will be closed before the delivery date; The performance of the contract is guaranteed by the futures exchange or the settlement company; (4) The contract price has a minimum change unit and a floating limit.