Futures contracts are traded on organized exchanges that standardize the size of the contract, the grade of

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Futures contracts are traded on organized exchanges that standardize the size of the contract, the grade of the deliverable asset, the delivery date, and the delivery location. Traders negotiate only over the contract price. This standardization increases liquidity and means that buyers and sellers can easily find many traders for a desired purchase or sale. P-636

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ISE Investments

ISBN: 9781266085963

13th International Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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