Like most derivatives, futures are used primarily for two purposes: hedging and speculation, offering three key advantages:CME Group: For more in-depth futures education, CME Group provides accredited courses that can deepen your futures knowledge to a more institutional level.Futures contracts are agreements to buy or sell an asset at a predetermined price at a specific time in the future. Unlike most derivatives, these contracts are standardized and traded on exchanges, making them highly liquid and effic ...