FxFut, short for “Forex Futures,” is a centralized form of Futures exchange in which two parties, through open outcry, buy or sell a non-domestic currency in a non-domestic currency and enter into a contract to deliver a standard amount of foreign currency at a future date at an agreed price.
Foreign exchange futures have broad sense and narrow sense.
The broad sense of foreign exchange futures, including foreign exchange futures contract trading and contract trading two ways, while the narrow sense of foreign exchange futures refers to foreign exchange futures contract.
The MAIN CONTENTS OF FOREIGN exchange futures include: trading unit, minimum price change, maximum daily price fluctuation limit, contract month, trading time, last trading day, delivery date, delivery place.
International futures contracts are mainly traded in, Canadian dollars, Japanese yen, and Japanese yen.
