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Currency futures are standardized financial contracts that obligate the buyer to purchase or the seller to sell a specific amount of a currency at a predetermined price on a specified future date. These contracts are traded on regulated exchanges such as the National Stock Exchange (NSE) or the Chicago Mercantile Exchange (CME), and they provide a mechanism for hedging currency risk or speculating on currency movements. Currency futures are marked to market daily, and margin requirements ensure participants maintain a minimum level of capital to cover potential losses. Currency futures are ______ ___ ____ ________ ___ _________ __________ ____ ________ _________ _____.
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