Which of the following is not true regarding a future contract and a forward contract?

A. Both contracts need to specify the underlying asset.

B. Futures contracts are normally traded on an exchange. Forward contracts are traded in the over-the-counter market.

C.A forward contract has standardized features that allow it to be traded in the forward market.

D. Both are agreements to buy or sell an asset in the future at a set price.

E. A futures contract carries less risk for either party than a forward contract.