business
to close a Futures Position
1. Physical Delivery
2. Offsetting trade.
3. Exchange for Physicals.
V. Types of Futures Contracts.
1. Agricultural and metallurgical.
2. Interest rates.
3. Currencies.
4. Indexes.
VI. Purpose of Futures Markets.
1. Price Discovery.
2. Hedging
3. Speculation.
VII. How Futures are traded.
1. Role of the Clearing House.