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The earliest futures can be traced back to ancient Greece and Rome.
At that time, there were central trading venues, bulk barter transactions, and trading activities with the nature of futures trading in the European market.
The first modern futures exchange was established in Chicago in 1848, which established the standard contract model in 1865.
Futures are completely different from spot.
Spots are real goods that can be traded, such as grain for farmers' home ...
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