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It is the place where the buyer gets the product and seller get the cash immediately at the spot.
It is the place where the buyers and sellers buy and sell the stocks listed in exchanges.
Futures and options.
Margin: Caution deposit paid by the trader to the exchange.
MTM: Here the cash settlement is made day to day basis.
Premium: It is set by the buyers and sellers.
Strike price: It is the price at which the buyers and sellers agree to trade forecasting the futures.
Expiry Date: It is the date at which the contract expires.
Lot size: The minimum quantity which should be bought.
The exchange should ensure the risk with the counterparty.
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