I. Definition
1. Futures: Futures trading refers to the trading of futures contracts among brokers, brokers and customers in a futures exchange.
2. Spot: Spot trading refers to the trading of stocks in the stock exchange.
Second, the transaction object
1. Futures: The objects of futures trading are mainly futures varieties, such as commodities, stock indexes, foreign exchange and interest rates.
2. Spot: The objects of spot trading are mainly stocks, such as Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index, Small and Medium Board Index and Growth Enterprise Market Index.
Third, trading time.
1. Futures: Futures trading is generally conducted within the time specified by the exchange. For example, the trading hours of Shanghai Futures Exchange are from 9: 00 a.m. to 165438+ 0: 30 p.m. and 65438+ 0: 30 p.m. to 3: 30 p.m., and the daily trading time is ***4 hours.
2. Spot: Spot transactions are generally conducted within the time specified by the stock exchange. For example, the trading hours of Shanghai Stock Exchange are from 9: 00 am to 165438+ 0: 30 pm and 65438+ 0: 30 pm to 3: 30 pm, and the trading hours are ***4 hours per day.
Fourth, the transaction price
1. futures: the price of futures trading is determined by market supply and demand in the futures exchange, and the trading price will change with the change of market conditions.
2. Spot: The price of spot trading in the stock exchange is determined by market supply and demand, and the trading price will change with the change of market conditions.
Verb (abbreviation for verb) trading volume
1. Futures: The trading volume of futures trading is generally large, which can meet the needs of commodity trading.
2. Spot: The trading volume of spot trading is generally small, which can meet the needs of stock trading.
Risk control of intransitive verbs
1. Futures: In futures trading, both parties can control the trading risk through the risk control mechanisms provided by the exchange, such as price limit, price limit and position limit.
2. Spot: In spot trading, both parties can control the trading risk through the risk control mechanisms provided by the exchange, such as price limit, price limit and position limit.
Seven. edge
1. futures: in futures trading, both parties need to pay a certain percentage of margin to the exchange to offset the trading risk.
2. Spot: In spot trading, both parties need to pay a certain percentage of deposit to the exchange to offset the trading risk.
This paper introduces seven main differences between futures and spot, including definition, trading object, trading time, trading price, trading volume, risk control and margin. Both futures and spot trading have their unique advantages, and investors can choose their own trading methods according to their actual conditions.