What is a Futures Contract?
By Sumish Krishnan
A "Futures Contract" is a highly standardized contract with certain distinct features.
Some of the important features are as under:
Futures trading is necessarily organized under the auspices of a market association so that such trading is confined to or conducted through members of the association in accordance with the procedure laid down in the Rules & Bye-laws of the association.
It is invariably entered into for a standard variety known as the "basis variety" with permission to deliver other identified varieties known as "tenderable varieties".
MCX HEATING OIL 24 February 2012
contract was trading at
Rs 153.4 . What's your view on it?
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