And finally, the indexes the futures are based on can be calculated mathematically from the overseas trading of their respective stock elements, whether the futures are trading or not.
“markets all around the world. additionally, us stock futures start trading earlier.”
Yes, but what do the futures consist of? In other words, if the nite before last on-line, I put in to sell x amount of share of a stock I own, and the markets didn’t open until this morning (Tuesday), are my shares I’m selling considered a future, as they were a pending sale until this morning? What is considered a future?