Futures exchanges, also referred to as derivatives markets, commodities exchanges, or futures markets, encompass a wide range of financial platforms where buyers and sellers trade futures contracts. These contracts are agreements to buy or sell a particular asset at a predetermined price and date in the future. Some other synonyms for futures exchanges include options exchanges, forward markets, and swaps markets. Moreover, many of these platforms also offer trading in other types of financial instruments, such as options, swaps, and forex contracts, which allow traders to hedge against price fluctuations across a range of markets. Regardless of the name, these markets play a vital role in managing risk and providing liquidity to investors worldwide.