Noob futures question

Discussion in 'Index Futures' started by jonbig04, Jul 3, 2008.

  1. I keep reading that futures are settled every day, i.e. if your position goes up, that money is put into your account at the end of the day, and vice versa if you lose money. How does this work? Where does the money come from is you haven't yet sold your contracts?
  2. Mark to market...i couldnt think of that phrase in my googling. Thank you.