What are Futures?


A futures contract is a legal agreement to buy or sell a particular commodity asset, or security at a predetermined price at a specified time in the future. Futures contracts are standardized for quality and quantity to facilitate trading on a future exchange. The buyer of a futures contract is taking on the obligation to buy and receive the underlying asset when the futures contract expires. The seller of the futures contract is taking on the obligation to provide and deliver the underlying asset at the expiration date. 


The most importent futures exchanges


USA: Chicago Mercantile Exchange, das Chicago Board of Trade und die New York Mercantile Exchange ICE (International Exchange), Atlanta CBOE (Chicago Board Options Exchange), Nasdaq OMX, New York.

Zentral- und Südamerika: BM&FBovespa in Sao Paulo (Brasilien)


Europa: Eurex Terminbörse der Deutschen Börse AG (Sitz in Eschborn), Moscow Exchange