Definition of Futures Instruments and Market
Futures – a financial contract obligating the buyer to purchase an asset (or the seller to sell an asset) at a predetermined future date and price.
Futures contracts detail the quality and quantity of the underlying asset; they are standardized to facilitate trading on a futures exchange. [...]

Definition of Derivatives
Derivative – a security whose price is derived from one or more underlying assets.
The derivative security is a contract between two or more parties. Its value is determined by fluctuations in the underlying asset. The most common underlying assets include stocks, bonds, commodities, currencies, interest rates and market indexes.
Most derivatives are characterized by [...]