The use of financial futures contracts for speculative purposes (Applied study in the Iraqi banking sector)

Abstract

As a result of significant developments in the stock and foreign exchange markets over the past 25 years and
the risks involved, these developments have pushed towards the adoption of financial futures contracts to
avoid these risks, usually used to sell and sell an existing one at an agreed price and at a fixed date in The
future, and the basis of this contract, is that the asset and quantity are agreed upon upon the signing of the
contract, with the payment of the price being executed and the agreed asset delivered in the future. In view
of the intellectual contemporary of this subject and the scientific study it deserves in depth, this study came
to address the topic in its intellectual, cognitive and applied dimensions and accordingly it has defined the
theoretical and practical framework. Financial futures contracts are one of the most important types of
financial engineering in which it gives the investor important opportunities to reduce the risks to which it is
exposed by replacing a certain existing with another at a certain price and at a specific date or before a
specific date in the future. Most interested, clients and specialists agree that financial futures contracts are
one of the best investment ideas that investment thought has achieved so far, and the research has concluded
a set of conclusions and recommendations.