Futures Exchanges
A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts; that is, a contract to buy specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future. These types of contracts fall into the category of derivatives. Such instruments are priced according to the movement of the underlying asset (stock, physical commodity, index, etc.). The aforementioned category is named "derivatives" because the value of these instruments is derived from another asset class.
Read more about Futures Exchanges: History of Futures Exchanges, Nature of Contracts, Standardization, Clearing and Settlement, Central Counterparty, Margin and Mark-to-Market, Regulators
Famous quotes containing the words futures and/or exchanges:
“One of the things that is most striking about the young generation is that they never talk about their own futures, there are no futures for this generation, not any of them and so naturally they never think of them. It is very striking, they do not live in the present they just live, as well as they can, and they do not plan. It is extraordinary that whole populations have no projects for a future, none at all.”
—Gertrude Stein (1874–1946)
“When a girl marries, she exchanges the attentions of all the other men of her acquaintance for the inattention of just one.”
—Helen Rowland (1875–1950)