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Futures Contracts
Financial contracts obligating the buyer to purchase an asset or the seller to sell an asset, such as a physical commodity or a financial instrument, at a predetermined future date and price.
Electronic Networks
Systems or platforms that facilitate the trading of financial instruments, such as stocks and currencies, digitally and without a physical trading floor.
Trading Pits
Physical locations on the floor of some exchanges where traders use open outcry and hand signals to buy and sell commodities or financial instruments.
Futures Contracts
Standardized legal agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.
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