The article explores different aspects of futures markets, including the impact of debt, risk, and liquidity. Researchers studied various crises in Asia, unique trading characteristics in China, and volatility in currency futures during the 1997 East Asian crisis. They also analyzed returns in thin futures markets and the forecasting of profits in the US Dollar/Deutschemark futures market. The study found that perceptions of liquidity in futures markets differ among traders and that simultaneity plays a role in US electricity futures liquidity.