What is the meaning of Futures exchange?

Traditionally, futures contracts and options on those contracts have been bought and sold on a' Futures exchange', or trading floor, in a defined physical space. In the US, for example, there are currently futures exchanges in Chicago, Kansas City, Minneapolis, New York, and Philadelphia. As electronic trading of these products expands, however, buying and selling doesn't always occur on the floor of an exchange, so the term is also being used to describe the activity of trading futures contacts.

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APABarry Goldsmith. (2010). futures exchange. Retrieved September 25, 2026, from http://smartdefine.org/futures_exchange/definitions/1154751
ChicagoBarry Goldsmith. 2010. "futures exchange" http://smartdefine.org/futures_exchange/definitions/1154751 (accessed September 25, 2026).
HarvardBarry Goldsmith 2010, futures exchange, Smart Define, viewed 25 September, 2026, <http://smartdefine.org/futures_exchange/definitions/1154751>.
MLABarry Goldsmith. "futures exchange" 21 October 2010. Web. 25 September 2026. <http://smartdefine.org/futures_exchange/definitions/1154751>
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