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Briefly describe the characteristics of the forward foreign exchange market?
(1) The foreign exchange futures contract is a standardized forward foreign exchange contract. The trading currency, contract scope, trading time and delivery time are all specified by 1, and only the price is variable; The price of foreign exchange futures contracts is determined by the buyers and sellers through public bidding, and tends to a new balance with the increase of the number of buyers and sellers. (2) The price of foreign exchange futures contract 1 is generally expressed in US dollars, that is, how many US dollars are converted into each unit of a certain currency to quote. (3) Futures prices should be related to spot prices, showing parallelism and convergence. (4) forex futures trading is based on the deposit system. (5) forex futures trading implements a daily liquidation system.