Futures are contracts to buy or sell a certain asset at a specified price on a future date (That’s why they’re called futures!).
A currency future is a contract that details the price at which a currency could be bought or sold and sets a specific date for the exchange.Currency futures were created by the Chicago Mercantile Exchange (CME) way back in 1972 when bell-bottoms and platform boots were still in style.
Since futures contracts are standardized and traded on a centralized exchange, the market is very transparent and well-regulated.
This means that price and transaction information are readily available.
You can learn more about CME’s FX futures here.
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