spreader
n.— «Another trader sounded more sanguine: “Big orders executed in a rapid fashion, coupled with spreaders there to help absorb some of the volatility, creates extreme swings.” A spreader is someone who simultaneously buys and sells two different futures contracts, seeking to profit on a change in the difference in price.» —“CBOT wheat volatility vexes analysts, irks traders” by Julie Ingwersen in Chicago Guardian (United Kingdom) Feb. 28, 2008. (source: Double-Tongued Dictionary)
Further reading
It was a dark and stormy night. So begins the long and increasingly convoluted prose of Edwards Bulwer-Lytton’s best-known novel. Today the annual Bulwer-Lytton Contest asks contestants for fanciful first sentences that are similarly...
Old. Elderly. Senior. Why are we so uncomfortable when we talk about reaching a certain point in life? An 82-year-old seeks a more positive term to describe how she feels about her age. And: a linguist helps solve a famous kidnapping case, using the...