Cash market

Market segment of a stock exchange in which the settlement of a transaction – i.e. delivery, taking delivery, and payment – must take place within a short time after the transaction has been concluded

In Germany, the settlement period for the cash market is two trading days. Cash market transactions on FWB® Frankfurter Wertpapierbörse (the Frankfurt Stock Exchange) are settled both on the floor and in the Xetra® electronic trading system.

Synonym: spot market

Antonym: derivatives market

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