Question 2 What are some of the main differences between a Forward and a Futures contract? More outstanding shorts with a broker at the end of a day is an indication of what? (5+2=7 marks) Question 3 On May 1, 2023, there were 5,340 trades in the Gold Futures contract. Out of the 2,670 buyers, 900 were closing out their positions and 1,770 took new positions. From the 2,670 sellers, 1,600 were closing out and 1,070 took a new position. Determine the impact of the day's trading on open interest. (7 marks)