期货交易不像股票那样分发股份。

Futures do not trade in shares like stocks.

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这些证券可能包括股票、债券、共同基金或衍生工具如期权和期货。

These securities may include stocks, bonds, mutual funds, or derivatives such as options and futures.

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投机商可以低价买进股票，再将期货合约高价卖出，同时存储金属直到合约结束。

So speculators could buy stocks on the cheap, sell futures contracts at higher prices, and simply store the metal until the contracts fell due.

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For example, when they started trading stock index futures, both these agencies thought it was in their turf because it involved both stock indexes and futures Anyway, Paulson is proposing merging these.

例如，当人们开始交易股票指数期货的时候，这两个机构都认为这个交易是在他们的管辖范围内的,因为这个交易既包括了股票指数也包括了期货,总之，鲍尔森是准备合并他俩。

耶鲁公开课 - 金融市场课程节选

I'm not going to put Yale's entire portfolio in Google stock, I'm not going to go back and take Yale's entire portfolio to day-trade bond futures; in part, because it would be bad for me personally.

我不会用耶鲁的全部资产买谷歌股票,我也不会,用耶鲁的全部资产买债券期货,一方面是因为,这对我个人不利

耶鲁公开课 - 金融市场课程节选