Futures
A contract to buy or sell a given asset at a future date at a price set today; the standard contract traded on an exchange.
Index (ES, NQ), commodity (CL, GC), bond and currency futures trade on centralized exchanges (CME, Eurex); the price is single and transparent, and counterparty risk is borne by the clearing house.
Every contract has a size, a tick value and an expiry (for example ES: a tick of 0.25 points = $12.50; March/June/September/December expiries). As expiry approaches, the position is "rolled over" to the next contract. Real volume data for order flow analysis exists only in futures.
Related terms
Where it appears in the guides
Guides whose text uses this term; most frequent first.
- Spread, komisyon, swap ve gizli maliyetlerGetting started with trading
- Endeks vadelileri: NQ, ES, YM ve DAXMarkets
- Hisse senedi piyasası: BIST ve ABD borsalarıMarkets
- Hacim ve hacim profili temelleriTechnical analysis
- Kripto piyasası: spot, vadeli ve fonlama oranıMarkets
- Kripto varlıklar ve vergiTax & legal