You don't literally buy the future on a futures exchange either. What name would you suggest instead?
The futures market is essentially about selling now but delivering in the future, so the naming kind of works.
For commodities futures, sure. But what about e.g. index futures or weather futures?
The futures market is essentially about selling now but delivering in the future, so the naming kind of works.
For commodities futures, sure. But what about e.g. index futures or weather futures?