A Futures exchange refers to the market place where the exchange of futures contracts, futures and options, and other such future trading takes place.
Points to remember:
The exchange allows buyers and sellers deal with equities and commodities with price certainty at a specific time in the future.
Contracts in the exchange have standardized sizes, pricing information, bids, termination and expiration dates.
Examples:
Bombay Stock Exchange (BSE).
Indian Energy Exchange (IEX).
Metropolitan Stock Exchange (MSEI) (Formerly known as MCX-SX).
Multi Commodity Exchange (MCX).
National Commodity and Derivatives Exchange (NCDEX).
National Spot Exchange.
National Stock Exchange of India (NSE).