# Futures Contracts A **futures** contract is a contract between a seller and a buyer to sell a certain asset at a fixed time in the future at a price that is agreed to when the contract is written. The main difference between a future and a **forward** is that futures are traded on exchanges, while forwards are between two private parties. --- Date: 20220711 Links to: [Quantitative Finance MOC](Quantitative%20Finance%20MOC.md) Tags: #review References: * []()