Introduction to Futures Trading - Part 3

The speaker discusses the efficiency of the futures market.  He first reviews the disadvantages of the forward contract and then explains how futures exchanges streamline transaction processing through keeping settlement in one central counterpary, bringing transparency and liquidThe speaker discusses the efficiency of the futures market.  He first reviews the disadvantages of the forward contract and then explains how futures exchanges streamline transaction processing through keeping settlement in one central counterpary, bringing transparency and liquidity into the marketplace, and standardization.