EduMarkets Futures
Futures are standardised, exchange-traded, and margined daily. The module covers contract specifications, the daily margin process that keeps the market solvent, and cost-of-carry pricing. Bond futures are covered separately: cheapest-to-deliver, conversion factors, and the delivery options the seller has. Short-term interest rate futures are covered in their own section, with their own conventions.
Handbook chapters
- What Are Futures?
- Futures Markets & Participants
- Contract Specifications
- Pricing & Cost of Carry
- Rolling & the Term Structure
- Margining
- Bond Futures
- STIR Futures
Tools and exercises
- Contract Specs & Margining
- Bond Futures
- STIR
- Term Structure
- Portfolio Margin
- Open Interest & COT
- Exercises