Futures
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Hey-ho, the futures’s not what it used to be.
So would the last one out please turn off the lights? A future, like an option, is an exchange-traded derivative. These are standardised, simple contracts: traditionally the dullest of all financial contracts — but hte process of clearing and executing them is positively Kafkaesque.
Advice If you were thinking of embarking on a career lawyering exchange traded derivatives, here’s a tip. Become a regulatory margin specialist instead. It is[1] so much more rewarding, constructive, and fun.
Here's a start:
See also
References
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