Exchange contracts with an expiry
Standardised, centrally cleared, marked to market daily. Futures reward traders who understand margin, roll and contract specs.
- Charted contracts
- 2
- Clearing
- Central clearing
- Valuation
- Daily mark-to-market
- Margin
- Contract dependent
§ 1
Contract specification
Multiplier, tick size, expiry and delivery terms define what one contract means. Read the spec before the chart.
§ 2
Variation margin
Gains and losses settle daily. A correct thesis can still be stopped out by intermediate swings.
Futures in context
Contract specification
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