Not logged in : Login
(Sponging disallowed)

About: Futures exchange     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : foaf:Concept, within Data Space : www.openlinksw.com associated with source document(s)
QRcode icon
http://www.openlinksw.com/describe/?url=http%3A%2F%2Fwww.openlinksw.com%2Fabout%2Fid%2Fentity%2Fhttp%2Fwww.empowernetwork.com%2Fny-woguya045242558jun04%2C0%2C2358970.story%23futures-exchange

AttributesValues
focus
Description
  • A futures exchange or derivatives exchange is a central financial exchange where people can trade standardized futures contracts; that is, a contract to buy specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future. One of the earliest written records of futures trading is in Aristotle's book Politics. He tells the story of Thales, a poor philosopher from Miletus who developed a "financial device, which involves a principle of universal application." Thales used his skill in forecasting and predicted that the olive harvest would be exceptionally good the next autumn. Confident in his prediction, he made agreements with local olive-press owners to deposit his money with them to guarantee him exclusive use of their olive presses when the harvest was ready. Thales successfully negotiated low prices because the harvest was in the future and no one knew whether the harvest would be plentiful or pathetic and because...
Title
  • Futures exchange
providedBy
type
is seeAlso of
Faceted Search & Find service v1.17_git122 as of Jan 03 2023


Alternative Linked Data Documents: iSPARQL | ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 08.03.3330 as of Apr 5 2024, on Linux (x86_64-generic-linux-glibc25), Single-Server Edition (30 GB total memory, 26 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2024 OpenLink Software