Futures Market a Critical Need 

Experts and financial authorities have apparently come to the conclusion that promoting futures contracts is a must to help improve the struggling capital market, the managing director of Iran Fara Bourse said. 
Addressing a meeting on the key challenges of Iran’s derivative market, Meisam Fadaee said futures are the best financial instruments to [help] protect the share market during times of steep volatility.
“Given the existing economic turbulence, futures contracts can be used as financial instruments to help investors make a profit irrespective of market conditions,” Fadaee was quoted as saying by IRNA. 
A futures contract is a standardized, legal agreement to buy or sell an asset at a predetermined price at a specified time in the future. At this specified date, the buyer must purchase the asset and the seller must sell the underlying asset at the agreed-upon price, regardless of the current market price at the expiration date of the contract.