Spot: refers to the actual goods that are currently on the market. Spot electronic trading is to sell existing goods (spot) through e-commerce through collective bidding online according to certain standards. Free transactions, commodity trading attributes are greater than financial attributes. The spot market margin is usually around 20%. In special circumstances (continuous price limits, impending delivery, etc.) the margin will be increased. The leverage is moderate and the risk is moderate.

Futures: Mainly not goods, but standardized tradable contracts based on certain mass products such as cotton, soybeans, oil, etc. and financial assets such as stocks, bonds, etc. The subject matter can be a certain commodity (such as gold, crude oil, agricultural products, etc.) ), or it can be a financial instrument