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... m Seon-dal tricked merchants by pretending to be the owner of the Daedong River, bringing along a few accomplices to act as shills. He sold the river’s water to those merchants and made a huge profit.

I’ve always liked that story.

***

What is a futures contract?

The basis of derivatives: futures, options, and swaps. Among these three, futures, as its name implies, are contracts dealing with the future.

Instead of buying and selling what is currently in the ...

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