In the United States, trading in futures began in…

How does a local differ from a futures commission merchant (FCM) at a futures exchange?

How does a market maker system improve trading at a futures exchange? More than one answer may be correct. For full credit, you must correctly identify all of the correct answers.

Which of the following is an element of technology that now is an integral part of open outcry trading at U.S. futures exchanges (for contracts for which open outcry still is used)? More than one answer may be correct. For full credit, you must correctly identify all of the correct answers.

Selina takes a short position in 20 CBOT July corn futures contracts at a futures price of 375¢/bu. What has she agreed to do under the terms of this contract (assuming that she holds her position open through July)? The underlying asset for this contract is 5,000 bu.

Typically, arbitrage opportunities in the U.S. futures markets last how long?

A trader who takes a long position in a futures or forward contract has agreed in principle to…

Your broker calls you and informs you that a troy ounce of gold is trading in London for $1,410 per ounce and in New York at $1,408 per ounce. What is the arbitrage strategy?

In the futures market, a market order to buy is…

What is the most important economic contribution of speculators in a futures market? Trading by speculators…