Standardized contracts for the purchase and sale of financial instruments or physical commodities for future delivery on a regulated commodity futures exchange.

A futures contract is an agreement between two parties. In a traded futures contract, an exchange acts as an intermediary and guarantor, and also standardizes and regulates how the contract is created …

Today, the largest futures exchanges in the United States are the CME Group and Intercontinental Exchange (ICE). The CME Group was created in 2007 from a merger of the Chicago Board of Trade …

This document describes Binary Order Entry, version 3 (BOEv3), the CBOE proprietary order entry protocol used by a Trading Privilege Holder (TPH) to send orders and quotes to the Cboe Futures …

Futures margin requirements are determined by each exchange and can change frequently. All margin requirements are expressed in the currency of the traded product.

EFS or Exchange for Risk (“EFR”): A privately negotiated and simultaneous exchange of an Exchange futures position for a corresponding related OTC swap or other OTC instrument;

Futures are agreements to buy or sell an asset at a specified quantity and future date at today’s traded price. Contract (just like options) joining two parties for the future delivery of an asset (seller) and the …