The sale of a futures contract of a given delivery month on one exchange and...
A transaction involving the purchase of a future on one asset and the sale of a future in another, usually related asset. For example, purchasing a Brent crude oil future and selling a gas oil future. Such spreads are entered into in order to profit from a change in the price differential between the two products.
A spread using futures contracts in one market spread against contracts in another market. An example would be Kansas City Wheat against Chicago Wheat.
A spread using futures contracts in one market spread against futures contracts in another market. An example would be the Yen spread against the Deutschemark.
The sale of a given delivery month of a futures contract on one exchange and the simultaneous purchase of the same delivery month and futures contract on another exchange.
A spread position with contracts in different markets.
A spread between commodities that are traded on more than one market. For example, a typical intermarket spread might be made between Chicago wheat and Kansas City wheat.
See Spread and Intercommodity Spread.