Comparing "forward" and "futures" exchange contracts, we can say that\ Group of answer choices\ \ they are both "marked-to-market" daily.\ \ a futures contract is negotiated by open outcry between floor brokers or traders and is traded on organized exchanges, while forward contract is tailor-made by an international bank for its clients and is traded OTC.\ \ their major difference is in the way the underlying asset is priced for future purchase or sale: futures settle daily and forwards settle at maturity, and a futures contract is negotiated by open outcry between floor brokers or traders and is traded on organized exchanges, while a forward contract is tailor-made by an international bank for its clients and is traded OTC.\ \ their major difference is in the way the underlying asset is priced for future purchase or sale: futures settle daily and forwards settle at maturity.