What is Cash Equities?

Hi Guys,

Hoping this isnt a lame question as abit of a newbie, i was at a interview recently and was asked what do you know about Cash Equities in the derivatives market, i was blank as had no clue and this bugged me alot.

I have been trying to search for a answer in Google but cant seem to find a reasonable answer and its been annoying me.

Basically and very simply....what is Cash Equities and how does it work (when looking at this end to end) so that i can get a really good understanding of this.

Appreciate your help.

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