Futures Contract definition
An obligation to exchange a good or instrument at a set price on a future date; the primary difference between a Future and a Forward is that Futures are typically traded over an exchange (Exchange- Traded Contacts - ETC), versus forwards, which are considered Over the Counter (OTC) contracts. An OTC is any contract NOT traded on an exchange.
Related words
Futures Contract ・ Fixed exchange rate ・ FRA ・ Forward Points ・ Forward ・ Foreign Exchange Market ・ Foreign Exchange Risk ・ Forex Charting Software・ Foreign funds
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