Convergence

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Convergence

The movement of the price of a futures contract toward the price of the underlying cash commodity. At the start, the contract price is usually higher because of time value. But as the contract nears expiration, and time value decreases, the futures price and the cash price converge. More generally, convergence trading involves taking two related assets that have different prices with the expectation that prices will converge (the cheaper asset is purchased and the more expensive is sold short).
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Convergence

The fact that the futures price and the spot price for a given asset approach one another as a futures contract on that asset approaches maturity. At maturity, the two prices should be equal. The existence of convergence is the basis for the theory that forward rates equal future spot rates, though this idea is more controversial.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

convergence

The process by which the futures price and the cash price of an underlying asset approach one another as delivery date nears. The futures and cash prices should be equal on the delivery date.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
The advantage of data parallelism is that it is easier to implement and easier to extend; only W communication is required, and the data in the model does not need to communicate.
Olhsson also states that party parallelism of the press has become an extremely reduced phenomenon, pointing to a mere 3% of party ownership of newspapers in Sweden and an even lower percentage in the other Nordic countries.
Consequently, smaller SSR means improved parallelism. Work-depth [32] of the algorithm can shrink if SSR is smaller.
[NOT parallel] To correct the parallelism, you must either begin both phrases with a gerund or begin both with an infinitive.
Dynamic Parallelism in CUDA is an extension to the CUDA programming model that enables a CUDA kernel to create and synchronize new nested work by launching nested kernels [6]; see Figure 1.
State-of-the-art high performance computing systems support parallelism at multiple levels which takes processes for course-grained parallelism across the nodes and threads for fine-grained parallelism within the node at the same time.
The addition of dynamic parallelism is another example of the continuing evolution of GPU hardware to support a wider range of algorithms.
This technology consists of two parts: 1) A development platform integration feature that easily performs automatic program generation, regardless of development language; and 2) a parallelism extraction function that automatically improves the processing efficiency of complex event processing.
Even though the poetic-prose language style has been commonly received as an important aspect in Woolf studies, the studies focusing on parallelism and its relation to Woolfian poeticness, as far as we can see, are far from adequate.
While this example favors the parallelism view of the 1,000 - 10,000 formula, the following one reinforces its contest-like interpretation: In later Imperial history (starting about the 12th century C.
In this section we present two quantification algorithms of the geometric defects that influenced the respect of the geometric conditions of parallelism and flatness.
Presenting the First Capital Food Index for January 2011, Mwinga said the large supermarkets, Pick & Pay, Shoprite and Checkers, seems to be characterised by the existence of a collective dominant position that explains the price parallelism.