Its characteristics:
1. Traders who buy and sell foreign exchange futures contracts hand over the power of attorney to the member companies of the brokerage exchange, and the member companies pass it on to the trading hall. The price of foreign exchange futures contracts is determined through "open bidding" between brokers on the floor or automatic computer matching.
2. When buying and selling futures contracts, you don't need to actually pay the foreign exchange represented by the face value of the purchase contract, just pay the handling fee. After the entry into force of the Taiwan Treaty, the actual market price of foreign exchange futures at the close of the day shall be the settlement price, and the profit and loss of the day shall be settled. If the settlement price is higher than the transaction price of the futures contract, it is the buyer's profit, otherwise, the buyer loses and the seller gains.
3. The foreign exchange futures price is actually the expected spot market price. With the participation of speculators, the futures price will move to the expected spot market price, and the two market prices will converge.
4. Foreign exchange futures are delivered in foreign currency. At the end of the period, the seller must purchase spot foreign exchange from the spot market and give it to the buyer to fulfill the delivery obligation.
Mother Rong will answer for you.