Exchange-traded derivatives
Brokerage Anatomy™
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Exchange-traded derivatives are contracts, like futures and options, that are put into a standardised form and traded on exchange. To be contrasted with over-the-counter derivatives — like swaps — even though simple varieties of those are now also being cleared OTC to CCP, they are not traded on an exchange.
If you want to know more about the economic features of futures and options, go see - this present article is about the more tedious business of how they are executed, given up and cleared.
So tedious, in fact, that no-one has summoned up the fortitude to write it just yet. If you feel it would be worthwhile, do let us know.