Definitions for "Futures Market"
A continuous auction market in which participants buy and sell commodities contracts for delivery on a specified future date. Trading is carried on through open outcry and hand signals in a trading pit or ring.
A market on which futures contracts are bought and sold. Various exchanges specialise in certain types of Futures contracts. For example, the New York Mercantile Exchange handles trades in oil products, while corn, oats and soybeans are traded on the Chicago Board of Trade.
Where futures contracts are traded. 0-9
A transaction that allows people to know in advance what they will be paid in the future