and the important thing to understand is,

要理解的最重要的一点是
when I put an "s" on the end "futures,"

当我提到复数形式的"期货"时
that refers to a marketplace with a particular characteristic,

指的是一种交易场所
as traded on a number of exchanges.

它的特点是交易在交易所中发生
Notably, in the U.S.

在美国
the biggest exchange for futures is the Chicago Mercantile Exchange,

最大的期货交易所是芝加哥商品交易所
which just merged with The Chicago Board of Trade

它刚刚和芝加哥期货交易所合并
and they are now called the CME Group.

成立了芝加哥商品交易所集团
Futures, since it has its origin in agriculture,

鉴于期货交易所起源于农业
is a Chicago thing rather than a New York thing.

比起纽约它要更芝加哥化一些
Chicago is the "second city," or it was the second biggest city,

芝加哥是"第二城" 第二大的城市
hog-butcher to the world,

屠宰生猪出口全世界