Future

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Future

A term used to designate any contract covering the sale of financial instruments or physical commodities for future delivery on a futures exchange. Alternatively, a future is any forward contract that has been standardized and listed for trading on a futures exchange.

Futures Contract

An agreement to buy or sell an asset at a certain date at a certain price. That is, Investor A may make a contract with Farmer B in which A agrees to buy a certain number of bushels of B's corn at $15 per bushel. This contract must be honored whether the price of corn goes to $1 or $100 per bushel. Futures contracts can help reduce volatility in certain markets, but they contain the risks inherent to all speculative investing. These contracts may be sold on the secondary market, but the person holding the contract at its end must take delivery of the underlying asset. Futures contract are standard instruments; that is, unlike forward contracts, their provisions are standardized. As such, they may be traded on an exchange.
References in periodicals archive ?
At the K 2004 show in Dusseldorf last fall, Basell's president and CEO Volker Trautz noted that LME's efforts to establish plastics futures trading has the potential to improve the industry's ability to cope with the extreme volatility in PP and PE pricing.
And that is to put funds where we need it for the current force as well as the future force.
The future that he presaged lost its meaning and evaporated, negating his existence.
3) To this end, agencies can employ these techniques of futures research to help them determine organizational capacity, apply technologies, develop potential officers, identify and obtain necessary resources, and explore the profession's direction.
Using the same approach as the PWG, the CFTC has evaluated the regulation of futures exchanges in light of the public policy objectives of deterring market manipulation and protecting investors.
Whenever one thinks of planning and marketing for public libraries, there are some key images that should come to mind to help direct the thinking about the future in library-planning efforts.
On December 11, as the stock market entered the final turn in its wind sprint toward 2,000, John Phelan, chairman of the New York Stock Exchange, suggested that stock index futures, in combination with certain recent trading strategies, might cause the market to experience a "meltdown.
5 million to support the 10 pilot sites for two more years and to help additional new sites implement the Reclaiming Futures model over the next four years.
Outside the banking arena, our markets for securities and securities derivatives--most notably futures and options--also have become part of a globally integrated marketplace.
RJO is a long-standing independent and growing force in the futures industry with an excellent reputation for client service and innovation.
E*TRADE is expanding customer access to futures products with more than 200 products including energy, indexes, financials, currencies, metals, and commodities through the top five world-wide futures exchanges including: Chicago Mercantile Exchange (CME); Chicago Board of Trade (CBOT); New York Mercantile Exchange (NYMEX); Eurex; and Euronext.
Son, President and co-founder of Penson, added, "The addition of GHCO is expected to add important value to Penson's futures and exchange-traded derivatives capabilities.