Comparing "Forward" and "Futures" Exchange Contracts,we Can Say That

Multiple Choice

Comparing "forward" and "futures" exchange contracts,we can say that:

A) they are both "marked-to-market" daily.
B) their major difference is in the way the underlying asset is priced for spot purchase or sale.
C) a futures contract is negotiated by open outcry between floor brokers or traders and is traded on unorganized exchanges, while forward contract is tailor-made by a domestic bank for its clients and is traded OTC.
D) futures contract is negotiated by open outcry between floor brokers or traders and is traded on organized exchanges, while forward contract is tailor-made by an international bank for its clients and is traded OTC.