Futures contracts An agreement to buy or sell an asset at a specified price at a certain time in the future a Traded on exchanges e g, the Chicago Board of Trade(cbot the Chicago Mercantile Exchange(CMe) Charles caoCharles Cao 10 Futures Contracts ◼ An agreement to buy or sell an asset at a specified price at a certain time in the future ◼ Traded on exchanges, e.g., ◼ the Chicago Board of Trade (CBOT) ◼ the Chicago Mercantile Exchange (CME)