Central financial exchange where people can trade standardized futures contracts
Part of a series on
Financial markets
Public market
Exchange · Securities
Bond market
Bond valuation
Corporate bond
Fixed income
Government bond
High-yield debt
Municipal bond
Securitization
Stock market
Common stock
Preferred stock
Registered share
Stock
Stock certificate
Stock exchange
Other markets
Derivatives
(Credit derivative
Futures exchange
Hybrid security)
Foreign exchange
(Currency
Exchange rate)
Commodity
Money
Real estate
Reinsurance
Over-the-counter (off-exchange)
Forwards
Options
Spot market
Swaps
Trading
Participants
Regulation
Clearing
Related areas
Banks and banking
Finance
corporate
personal
public
v
t
e
A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts defined by the exchange.[1] Futures contracts are derivatives contracts to buy or sell specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future. Futures exchanges provide physical or electronic trading venues, details of standardized contracts, market and price data, clearing houses, exchange self-regulations, margin mechanisms, settlement procedures, delivery times, delivery procedures and other services to foster trading in futures contracts.[2] Futures exchanges can be organized as non-profit member-owned organizations or as for-profit organizations. Futures exchanges can be integrated under the same brand name or organization with other types of exchanges, such as stock markets, options markets, and bond markets.[3] Non-profit member-owned futures exchanges benefit their members, who earn commissions and revenue acting as brokers or market makers. For-profit futures exchanges earn most of their revenue from trading and clearing fees.[4]
^Hull, John C. (2015). Options, Futures, and Other Derivatives (9 ed.). Pearson. p. 2.
^Hull, John C. (2015). Options, Futures, and Other Derivatives (9 ed.). Pearson. pp. 22–44.
^Erickson, Thomas J. "Futures Exchange Demutualization: Remarks of Commissioner Thomas J. Erickson Commodity Futures Trading Commission". Commodity Futures Trading Commission. Archived from the original on 2022-04-08. Retrieved 2020-05-08.
^Gorham, Michael; Kundu, Poulomi. "A Half-Century of Product Innovation and Competition at U.S. Futures Exchanges" (PDF). The Institute for Financial Markets. Archived (PDF) from the original on 2020-09-27. Retrieved 2020-05-08.
A futuresexchange or futures market is a central financial exchange where people can trade standardized futures contracts defined by the exchange. Futures...
Shanghai FuturesExchange (SHFE; Chinese: 上海期货交易所) is a futuresexchange in Shanghai, China formed from the amalgamation of the national level futures exchanges...
as an amalgamation of the six state securities exchanges, and merged with the Sydney FuturesExchange in 2006. Today, ASX has an average daily turnover...
company owns exchanges for financial and commodity markets, and operates 12 regulated exchanges and marketplaces. This includes ICE futuresexchanges in the...
the value of the underlying asset, a futures contract is a derivative. Contracts are traded at futuresexchanges, which act as a marketplace between buyers...
International Exchange, now ICE Futures (since 2005-04-7), based in London, was one of the world's largest energy futures and options exchanges. Its flagship...
is a list of major stock exchanges. Those futuresexchanges that also offer trading in securities besides trading in futures contracts may be listed both...
National Stock Exchange of India Limited (NSE) commenced trading in derivatives with the launch of index futures on 12 June 2000. The futures and options...
oversight in Seoul. The Korea Exchange was created through the integration of Korea Stock Exchange (KSE), Korea FuturesExchange and KOSDAQ Stock Market under...
is the largest options and futures contracts open interest (number of contracts outstanding) exchange of any futuresexchange in the world. The Merc trades...
The London Metal Exchange (LME) is a futures and forwards exchange in London, United Kingdom with the world's largest market[citation needed] in standardised...
The China Financial FuturesExchange (CFFEX), is a futuresexchange established in Shanghai on September 8, 2006—with the approval of the State Council...
Sam Siegel and Vincent Kosuga, cornered the onion futures market on the Chicago Mercantile Exchange. The resulting regulatory actions led to the passing...
It is India's largest commodity derivatives exchange. The average daily turnover of commodity futures contracts increased by 26% to ₹32,424 crore during...
to the system. Some of these exchanges also trade financial derivatives, such as interest rate and foreign exchangefutures, as well as other instruments...
sell its stake in the exchange by 1 January 2016. In October 2018, Moscow Exchange launched the trading of deliverable gold futures on its Derivatives Market...
The London International Financial Futures and Options Exchange (LIFFE, pronounced 'life') was a futuresexchange based in London. In 2014, following a...
2007). As of April 2022, exchange-traded currency derivatives represent 2% of OTC foreign exchange turnover. Foreign exchangefutures contracts were introduced...
Eurex Exchange is an international exchange which primarily offers trading in European based derivatives. It is the largest European futures and options...
billion. The Nikkei 225 Futures, introduced at the Osaka Securities Exchange in 1988, is now an internationally recognized futures index. In contrast to...
contracts. They are now generally known as futuresexchanges. Auction Asset allocation Capital market Commodities exchange Corporate governance Diversification...
Commodity Exchange (DCE) (simplified Chinese: 大连商品交易所; traditional Chinese: 大連商品交易所; pinyin: Dàlián Shāngpǐn Jiāoyìsuǒ) is a Chinese futuresexchange based...
ICE Futures U.S.—known as the New York Board of Trade (NYBOT) until September, 2007— is a physical commodity futuresexchange located in New York City...
of Trade Building Commodity Futures Trading Commission Derivatives market List of futuresexchanges National Stock Exchange (Jersey City, New Jersey) OneChicago...
The South African FuturesExchange (Safex) is the futuresexchange subsidiary of JSE Limited, the Johannesburg-based exchange. It consists of two divisions;...
01694°W / 40.71444; -74.01694 The New York Mercantile Exchange (NYMEX) is a commodity futuresexchange owned and operated by CME Group of Chicago. NYMEX is...