The earliest financial futures in the world was

The Netherlands. The Dutch tulip futures market is one of the earliest financial futures markets. Tulip futures contracts allow investors to purchase tulip flowers at a fixed price at a future date. The market reached the peak of its prosperity in 1636, but soon collapsed, causing the Dutch tulip bubble to burst. Nonetheless, this event is considered one of the origins of financial futures markets. Modern financial futures markets developed in the 20th century and are widely used around the world.