|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1. |
What are the futures markets
about? |
|
|
|
|
|
|
|
|
The futures markets are described as continuous
auction markets and exchanges providing the latest information
about supply and demand with respect to individual commodities,
financial instruments, and currencies. Futures exchanges
are where buyers and sellers of an expanding list of commodities,
financial instruments, and currencies, come together to
trade. |
|
|
|
|
|
 Back
to Top |
|
|
|
|
|
|
|
2. |
What is a Futures Contract? |
|
|
|
|
|
|
|
|
An agreement to buy or sell a commodity
(or financial instrument) at a price agreed now but to
be delivered or cash settled on a specified date in the
future (expiry date/settlement date). |
|
|
|
|
|
Back
to Top |
|
|
|
|
|
|
|
3. |
What is an Option Contract? |
|
|
|
|
|
|
|
|
An option contract is the right (but not
the obligation) to buy (or sell) a specific commodity
at a specific price by a certain date (expiry date). |
|
|
|
|
|
Back
to Top |
|
|
|
|
|
|
|
4. |
What is a Maturity Date? |
|
|
|
|
|
|
|
|
A maturity date is the date on which a
futures contract must be fulfilled. |
|
|
|
|
|
Back
to Top |
|
|
|
|
|
 |
|
|
|
|
|
|
Financial Futures
