What are the features of a futures quote?

Some of the features of a futures quotes includes the open price, high and low, the closing price, trading volume, and ticker. Contract codes identify the product, month, and year of the contract. What Is a Future? A future, also called a future contract, is a financial contract between two parties—a buyer and seller.

What is a futures market?

Today, the majority of trading of futures markets occurs electronically, with examples including the CME and ICE. Unlike most stock markets, futures markets can trade 24 hours a day. In order to understand fully what a futures market is, it’s important to understand the basics of futures contracts, the assets traded in these markets.

What is a future contract?

A future, also called a future contract, is a financial contract between two parties—a buyer and seller. The buyer agrees to purchase a specific amount of product from the seller such as currencies, commodities, or other financial assets—whatever the futures contract is for—at a specified price at a predetermined date in the future.

How do I look up a futures price quote?

When looking up a futures price quote, most sources will provide several basic pieces of information. This includes: Open: The price of the first transaction of the day. High: The high price for the contract during the trading session. Low: The low price for the contract during the trading session.