The scope of spot trading includes all commodities; The object of futures trading is the standardized contract formulated by the exchange.

2. The purpose of the transaction is different.

In spot trading, the buyer gets the real thing; The seller sells goods in kind. Futures trading may or may not involve physical delivery, and its purpose is to transfer price risk or make speculative profits.

3. The transaction procedures are also different.

In spot trading, the seller can only sell the goods, and the buyer can only buy them by paying cash. Futures trading can reverse the procedure of spot trading, that is, you can sell out of stock and buy out of stock, which is "short selling".

4. The guarantee system of the transaction is different.

Spot trading is protected by contract law and other laws. If the contract cannot be performed, it shall be settled by law or arbitration. The basis of futures trading is the margin system to ensure the performance of traders. The futures exchange provides settlement and delivery services and performance guarantees for both parties to the transaction, and implements a strict settlement and delivery system, with little risk of default.

5. Different trading methods.

Spot trading is the trading activity of actual goods. The transaction process is synchronized with the transfer of commodity ownership. Futures trading is the buying and selling of various commodity futures contracts, and the object is not a specific physical object, but a unified "standard contract", that is, futures contracts.

Extended data

Spot, also known as physical objects, refers to physical objects that can be shipped, stored and manufactured. The spot available for delivery can be converted into cash in short-term or long-term, or the payment can be made in advance, and the buyer pays in a very short time. Symmetry of futures.

Spot trading is characterized by standardization of electronic trading contracts, two-way trading, hedging mechanism, settlement system on the same day, margin system and T+0 trading system.

Futures and spot are completely different. Spot is actually a tradable commodity. Futures are mainly not commodities, but standardized tradable contracts based on some popular products such as cotton, soybeans and oil and financial assets such as stocks and bonds. Therefore, the subject matter can be commodities (such as gold, crude oil and agricultural products) or financial instruments.

Futures trading is characterized by two-way, low cost, leverage, double opportunities and greater than negative market. Futures trading is divided into commodity futures, agricultural products futures, metal futures, energy futures, financial futures, interest rate futures, foreign exchange futures and precious metal futures.

References:

Baidu encyclopedia spot

References:

Baidu encyclopedia futures