futures market

Definition

A market for exchange (of currencies, in the case of the exchange market) in the future. That is, participants contract to exchange currencies, not today, but at a specified calendar date in the future, and at a price (exchange rate) that is agreed upon today.

Use futures market in a sentence

You should try and do your research before you ever to take on anything to risky in the futures market.

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I invested a lot of money in the futures market, hoping that the exchange rate in the future will be better than it is today.

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I wanted to test out the futures market, but the only bad thing about it was that I would not know the results until the future.

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