terminsbörsen
Terminsbörsen, often translated as the Futures Exchange, refers to a marketplace where standardized contracts for the future delivery of commodities or financial instruments are bought and sold. These contracts, known as futures, specify a price, quantity, and quality of an asset to be exchanged on a predetermined future date. The primary purpose of a futures exchange is to provide a platform for hedging and speculation. Hedgers use futures contracts to protect themselves against adverse price movements in the underlying assets they deal with in their businesses. Speculators, on the other hand, aim to profit from anticipated price changes without intending to take physical delivery of the commodity or financial instrument.
The operations of a terminsbörsen are characterized by transparency and regulation. Prices are determined through open