Forward Trading Forward Contract

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What’s a forward contract?

Essentially, forward and futures contracts are agreements that allow traders, investors, and commodity producers to speculate on the future price of an asset. These contracts function as a two-party commitment that enables the trading of an instrument on a future date (expiration date), at a price agreed upon at the moment the contract is created.

The underlying financial instrument of a forward or futures contract can be any asset, such as equity, a commodity, a currency, an interest payment or even a bond.

 

Although primitive forms of futures markets were created in Europe during the 17th century, the Dōjima Rice Exchange (Japan) is regarded as the first futures exchange to be established. In early 18th-century Japan, most payments were made in rice, so futures contracts started to be used as a way to hedge against the risks associated with unstable rice prices.

With the emergence of electronic trading systems, the popularity of forward contracts, along with a range of use-cases, became widespread across the entire financial industry.

How to book trades with HUBFX?

*Beta only available to merchant clients for now.

https://academy.binance.com/en/articles/what-is-a-spot-market-and-how-to-do-spot-trading

What's the difference vs Spot Trades when Booking on HUBFX?

On a Spot Trade, you select the currency you’d like to sell and the currency you’d like to buy, then the next step, is to select a date for the trade. The default trade date is a Spot Trade Date.

If you want to settle the trade for a far date, i.e. a forward trade, you select the date you want on the calendar (instead leaving it as default), confirm the date is the date you want to sell the currency, then click “get a quote”.

This way, you take the advantage of today’s Forward Rate that is just a few points different from the Spot Rate, helping you hedge the risk of the downside of the Rate Movement.

https://academy.binance.com/en/articles/what-is-a-spot-market-and-how-to-do-spot-trading

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    Business Office at 7 Bell Yard, London, WC2A 2JR, United Kingdom

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    Payment services for HUBFX UK and US are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199) and The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000160311064). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011 

     

    Payment services for HUBFX are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199) and The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000160311064). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011 and CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of a electronic-money institution (Relation Number: R142701)

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