Futures Market Law and Legal Definition
Futures market refers to trading of commodities wherein the goods are delivered at a future time. The futures market provides a market place for securities and carries out the functions commonly performed by a stock exchange. The contract dealing with exchange of commodities with respect to futures market is known as futures contract. Futures contract refers to an agreement to buy or sell a standardized asset at a fixed price at a future time, usually during a particular time of a month. One of the main economic functions of futures market is that it provides reliable pricing information.[American Agric. Movement v. Board of Trade, 848 F. Supp. 814, 821 (N.D. Ill. 1994)]
Legal Definition list
Related Legal Terms
- Above the Market
- Acceptable Quality Level [Agricultural Marketing Service]
- Acceptance [Agricultural Marketing Service]
- Accrued Market Discount
- Affiliate of a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator or Introducing Broker
- After Hours Market
- After-Market Converted Vehicle
- After-Marketing
- Aftermarket
- Aftermarket Conversion System
