Hello,
Apologies for the simplistic question - I'm new at this. The minimum contract size in futures are a bit large for me so I want to focus on smaller cash instruments.
I was wondering if someone could explain:
1. How cash instruments trade throughout the day but exchange trading hours are much shorter. E.g Nasdaq 100 (US Tech 100) pre-hours and after-hours still mean there's no trading between 8pm-4am US Eastern Time. Does this instrument's (US Tech 100 cash) price match with the NDX e.g are closing prices the same?
2. A question about the Volatility Index (VIX). How is this tradeable as a cash instrument when as far as I know its only traded as a future? Again, does this instruments trading price match with the VIX traded on CBOE?
Many thanks
AMNS