Contract Specifications

Every futures contract is based on a specific asset and outlines important details like how much of the asset will be exchanged, where it will be delivered, and when it will happen.

For example...

What is a Futures Contract?

• Forward and futures contracts are financial instruments that allow market participants to offset or assume the risk of a price change of an asset over time. 

• IN EASIER WORDS: a type of financial agreement that helps people manage the risk of price changes over time.

• A futures contract is a legally binding agreement to buy or sell a standardized asset on a specific date or during a specific month—