Futures: Difference between revisions

Futures (view source)

286 bytes added , 13 July 2022

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+{{a|g|[[File:Criswell.jpg|450px|frameless|center}}{{subtable|The Future’s not what it used to be}}[[File:Plan 9.png|frameless|450px|center|]]}}
-[[File:Criswell.jpg|450px|thumb|center|The Future’s not what it used to be]][[File:Plan 9.png|frameless|450px|center|]]}}
+{{d|Futures|/ˈfjuːʧəz/|n|}}
+Derivative contracts, usually traded on exchange, obliging parties to buy or sell an [[underlier]] at a predetermined future date at a pre-agreed price on expiry, whatever the prevailing market price of the underlier may be at that time. 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.
 Hey-ho, the [[future|futures]]’s not what it used to be. <br>
-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.
+So would the last one out please turn off the lights?
 ===Free advice===