Convergence

The coming together of Futures prices and Cash market prices on the final Trading day of a futures Contract, as the Basis approaches zero.

Related Terms: 11 ACH, Basis, Cash, Cash market, Contract, Futures, Futures contract, Futures price, FIN, Market, Trading

Other Related Pages: Category: Futures Starting With: C

Additional Related Terms: 10-K, 30-day wash rule, Accrual basis accounting, Adjusted basis, ACH, Accrual of discount, Accrued market discount, After-tax basis, Amortization of premium, Asked price