One of the main reasons futures have been such successful trading instruments is that they almost always are cheaper to trade than their related cash instruments. As a result, we have attracted a cost sensitive clientele. And with every passing year, our markets have become more liquid and more efficient to trade. - Spread trade - Document - PDFSEARCH.IO

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	One of the main reasons futures have been such successful trading instruments is that they almost always are cheaper to trade than their related cash instruments. As a result, we have attracted a cost sensitive clientele. And with every passing year, our markets have become more liquid and more efficient to trade. Add to Reading List Document Date: 2006-11-13 08:06:50 Open Document File Size: 1,05 MB Share Result on Facebook City Chicago / / Company Calyon Financial Inc. / Futures Industry / S&P / / Country United States / / Currency cent / / Facility University of Chicago’s Graduate School / / IndustryTerm thetical market maker / averse market maker / finance / possible applications / stock index products / / MarketIndex S&P 500 / / Organization the University of Chicago’s Graduate School / / Person Galen Burghardt / / Position adjunct professor of finance / member of the editorial advisory board / senior vice president and director of research / / Product Impact / / SocialTag Investment Finance Futures contract Market liquidity Futures exchange Bid–offer spread Order Volume-weighted average price Electronic trading Financial economics