FNCE30007 Chapter Notes - Chapter 1: Nyse American, Electronic Trading, Spot Contract
29 Jun 2020
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A futures contract is an agreement to buy or sell an asset at a certain time in the future for a certain price. Futures price = price for delivery at some time in the future. Merger of australian stock exchange and sydney futures exchange. Sfe was the world"s leading futures market in mid 1960s. The 90-day bank accepted bill futures contract is one of the most heavily traded contracts. Share price index futures contract is also popular. Established in 1848 to bring farmers and merchants together. Initially standardised the quantities and qualities of grains traded with to-arrive contracts. Corn, oats, soybeans, soybean meal, soybean oil, wheat, treasury bonds, treasury notes. The chicago produce exchange was established in 1874 for perishable agricultural products. In 1898 the butter and egg dealers withdrew to form the chicago butter and egg board. In 1919 they were renamed the chicago mercantile exchange.
