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标题: Futures Contract [打印本页]

作者: John10 时间: 2011-7-11 19:05 标题: Futures Contract

According to pag 76 of Schweser, "compared to cash market instruments, futures are more liquid and less expensive.

How can anything be more liquid and less expensive than cash? Isn't cash the definition of being liquid?

作者: cityboy 时间: 2011-7-11 19:05

I think they mean "cash" as in normal bond and equity markets. It's like how some people say "cash equities".

作者: bpdulog 时间: 2011-7-11 19:05

Yeah I see what they're meaning now. "Cash" as in non-derivative. Thanks.

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