Spread trade - The purchase of one futures contract and the simultaneous sale of another in order to take advantage of relative price changes. Examples include buying one futures contract and selling another futures contract of the same underlying asset but different delivery month; buying a given delivery month of one futures contract and selling the same delivery month of a different, but related, futures contract (e.g. Short Sterling v. Long Gilt).
Spread trade : the purchase of one futures contract and the simultaneous sale of another in order to take advantage of relative price changes. examples include buying one futures contract and selling another futures contract of the same underlying asset but different delivery month; buying a given delivery month of one futures contract and selling the same delivery month of a different, but related, futures contract (e.g. short sterling v. long gilt).
Spread trade