Futures: Difference between revisions

{{a|g|[[File:Criswell.jpg||frameless|center]]{{subtable|The Future’s not what it used to be}}}}

{{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.