Cash-and-carry trade exploits mispricing between asset and its derivative. Strategy involves long position in asset while selling associated derivative. Profit depends on eventual correction of mispricing
Contract value is EUR 2,500 per index point. Settlement is cash, payable on first exchange day after final settlement. Price quoted in index points with four decimal places
LCH is a London-based financial market infrastructure company. Founded in 1888 as London Produce Clearing House. Merged with Clearnet SA in 2003 to form LCH.Clearnet. Acquired by London Stock Exchange Group in 2013. Renamed from Clearnet to LCH in 2016