A futures contract is a standardised agreement to buy or sell an asset at a set price on a set future date, traded on a designated contract market and cleared centrally.
instruments and markets · updated 2026-09-08
See also
Commodity— A commodity, in US law, is far broader than a physical good: the Commodity Exchange Act's definition reaches most things underlyin…
Delivery month— The delivery month is the period in which a futures contract requires physical delivery or final settlement. Manipulation risk con…
Open interest— Open interest is the number of derivative contracts outstanding and not yet closed or delivered. Open interest that is large relat…