Futures & Derivatives terms

Futures structure where later contracts trade below near-term contracts.

Difference between the spot price and the related futures price.

Derivative allowing speculation on price movements without owning the underlying asset.

Futures structure where later contracts trade above near-term contracts.

Month in which a futures contract expires or is scheduled for delivery or settlement.

Contract whose value is derived from an underlying asset, rate or index.

Date when a derivative contract expires or stops trading.

First day a futures buyer may be required to take delivery under contract rules.

Customized agreement to buy or sell an asset at a future date for a price agreed today.

Nearest expiring futures contract that is actively traded.