index futures
noun[plural]
FINANCEukusfutures(=agreementstobuyorsellshares,bonds, etc. at afixedpriceandtimein thefuture)that arebasedon thefuturevalueof aparticularshareindex:
Afundmanagermaysellindexfuturestohedgetheirportfolioif theybelievethat thestockmarketmightfall.