Futures · Futures specialist topics · lesson 8 of 9 · 6 min read · David Alexander
The cash-futures ecosystem
the ecosystem
The standing machinery between futures and their underlyings: index arbitrage programmes trading basket against contract, the basis crews of the physical families, and the flows both send through cash markets on the futures calendar's schedule. The reason underlying markets feel their futures' expiries and rolls - and the completion of the platform's oldest cross-market observations.
This lesson is part of the advanced modules.
Modules 6 to 8 are included with a paid account. The definitional summary above is the whole of this page until then.