The two parties agree to conduct the said transaction in the future, hence the term ‘forward’. The value of the forward contract is derived from the underlying asset’s value, such as stocks ...

Unlike standardized currency futures that trade on exchanges like the Chicago Mercantile Exchange, forward contracts trade over the counter, typically through banks or foreign-exchange dealers.

Jarrett discussed his new contract and future plans on his podcast "My World." "I am very grateful. Me and you [Conrad Thompson] both know, prior to the pandemic, conversations going on about the ...