Futures 101 - Chapter 16: How Prices Are Quoted

Article Index
Futures 101
Chapter 2: Futures Markets What, Why And Who
Chapter 3: The Market Participants
Chapter 4: What is a Futures Contract?
Chapter 5: The Process of Price Discovery
Chapter 6: Gains and Losses on Futures Contracts
Chapter 7: The Arithmetic of Futures Trading and Leverage
Chapter 8: Margins
Chapter 9: Basic Trading Strategies
Chapter 10: Position Limits
Chapter 11: Minimum Price Changes
Chapter 12: Regulation of Futures Trading
Chapter 13: Establishing an Account
Chapter 14: What to Look For in a Futures Contract
Chapter 15: The Contract Unit
Chapter 16: How Prices Are Quoted
Chapter 17: Minimum Price Changes
Chapter 18: Daily Price Limits
Chapter 19: Position Limits
Chapter 20: Understanding (and managing) the Risks of Futures Trading
Chapter 21: Choosing a Futures Contract
Chapter 22: Liquidity
Chapter 23: Stop Orders
Chapter 24: Spreads
Chapter 25: Options on Futures Contracts
Chapter 26: Buying Call Options
Chapter 27: Buying Put Options
Chapter 28: How Option Premiums are Determined
Chapter 29: Selling Options
Chapter 30: In Closing
All Pages
Page 16 of 30

Introduction to Futures Trading 101
Published By: National Futures Association

Futures prices are usually quoted the same way prices are quoted in the cash market; in dollars, cents, and sometimes fractions of a cent, per bushel, pound or ounce; in points and percentages of a point for financial instru-ments; and in terms of an index number, for stock index contracts. Be certain you under-stand the price quotation system for the par-ticular futures contract you are considering.