Volumes in the futures markets have moved significantly higher since the turn of the century, and the number of products offered by exchanges around the globe has increased. Futures offer hedgers, arbitrageurs, investors, and speculators the ability to add or remove risk from their portfolios. A thriving futures market depends on two factors. First, a futures contract needs to replicate the price action in the underlying asset. Many futures offer market participants the opportunity to make or take delivery of an asset which guarantees a smooth convergence of prices as the contract moves into a