1. The function of futures markets is price discovery, price risk hedging, and market efficiency improving. TMj4w,g4
期货市场的功能在于价格发现、价格风险规避及市场效率提高。 i g71/'D
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2. Futures markets provide a current consensus of knowledgeable opinions about the future price of commodities or financial instruments. t@B(+
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期货市场提供了对商品或金融工具未来价格综合信息所作出的市场判断。 mP}#Ccji?
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3. Futures contracts are a promise between two parties to exchange a commodity at a specified time and place in the future for a stated price. SBf FZw)
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期货合约是交易双方就在未来确定的时间和地点,按确定的价格交换某种商品的一种承诺。 mN}7H:,
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4. Most market participants prefer to offset futures positions, rather than to make actual delivery. :d'
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期货市场的交易者大都未进行实际交割,而是对市场部位对冲了结。 >J>V%
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