What Is a Futures Market?
A futures market is an auction market in which participants buy and sell commodity and futures contracts for delivery on a specified future date. Futures are exchange-traded derivatives contracts that lock in future delivery of a commodity or security at a price set today.
The Basics of a Futures Market
Futures markets or futures exchanges are where these financial products are bought and sold for delivery at some agreed-upon date in the future with a price fixed at the time of the deal.
GTC ⇾ Good Till Cancel IOC ⇾ Immediate Or Cancel FOK ⇾ Fill Or Kill