Futures: A series of tennis tournaments which is two levels below the main tour and one level below the challenger tour. Players compete in futures events in an attempt to garnish enough ranking points to gain entry into challenger events.

 

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Futures: A series of tennis tournaments which is two levels below the main tour and one level below the challenger tour. Players compete in futures events in an attempt to garnish enough ranking poin . . . View Full Definition

Most Distant Futures Contract: When several futures contracts are considered, the contract settling last. Related: Nearby futures contract.

National Futures Association (NFA): The futures industry self-regulatory organization established in 1982.

Mercato Italiano Futures (MIF): The Italian futures market trading Italian Treasury bond (BTF) futures.

Futures Contract: Futures contracts, when they trade on regulated futures exchanges, obligate you to buy or sell a specified quantity of the underlying product for a specific price on a specific date. The und . . . View Full Definition

Futures Commission Merchant (FCM): A futures commission merchant (FCM) is a person or a firm that acts as an agent to execute buy or sell orders for futures contracts or commodity options. You may open an account directly wit . . . View Full Definition

Futures Price: An option on a futures contract. Related: Options on physicals.

Futures Exchange: Traditionally, futures contracts and options on those contracts have been bought and sold on a futures exchange, or trading floor, in a defined physical space. In the US, for example, there . . . View Full Definition

Nearby Futures Contract: When several futures contracts are considered, the contract with the closest settlement date is called the nearby futures contract. The next (or the 'next out') futures contract is the one t . . . View Full Definition

Sydney Futures Exchange (SFE): Liquidating a position and simultaneously reinstating a position in another futures contract of the same type.