Futures Market An auction market in which participants buy and sell commodity/future contracts for delivery on a specified future date. Trading is carried on through open yelling and hand signals in a trading pit. Investopedia Says: Volume in the futures market usually increases when the stock market outlook is uncertain. Related Terms: Backwardation Bond Futures Chicago Board of Trade Freight Derivatives Futures Futures Industry Association - FIA Index Futures Long Hedge Short Hedge Trading Pit |