Futures - Module 1
How futures markets work
Standardised contracts on central exchanges: specs, expiries, margin as performance bond and the clearing house between every buyer and seller. Start this track only after an underlying market's track - the indices track is the natural entry, since index futures anchor most retail flow. Roll and term structure conclude in module 8.
9 lessons, about 55 minutes
- 1A future is a standardised promise6 min
- 2The clearing house between every buyer and seller6 min
- 3Who trades futures6 min
- 4Reading a contract spec before trading it6 min
- 5Margin, marked to market daily7 min
- 6Your futures quote IS the market6 min
- 7A future's price is its underlying, plus carry6 min
- 8What one futures contract controls6 min
- 9Expiry: cash or delivery6 min