May 7 1997, 1998 spot online electronic transactions were approved by the then Ministry of Economy and Trade,1October 22 1998 State Economic and Trade Commission, State Planning Commission, China Securities Regulatory Commission, State Administration for Industry and Commerce, the State Council Development Research Center, State Economic Restructuring Commission, Ministry of Internal Trade and China Academy of Social Sciences. Professor Tao Fei, an expert in finance and trade economics of China Academy of Social Sciences, Professor Dong Furan, a famous economist, Professor Jiang Ping, a jurist, and Professor Chen Baoying, a futures expert, fully demonstrated the brand-new operation mode of spot warehouse receipt trading. The above departments, experts and scholars have conducted in-depth discussions and scientific positioning on the feasibility, legality, sustainable development and marketing strategy of spot online electronic trading of commodities from different fields such as economy, politics and law. Spot online electronic transaction has been recognized and supported by the government by virtue of its own advantages and rationality, and has a suitable legal status.

Trading places are generally available, and spot online electronic trading is no exception. Its trading place is Shaanxi bulk coal trading market. Through the modern computer network system, the trading market provides an advanced, fast, convenient and safe trading platform for spot traders at home and abroad, and organizes traders to participate in spot online electronic trading of coal, coke and other commodities. Based on the advantages of online electronic trading of spot goods and the strict management and standardized operation of the trading market, in a short period of time, the business volume of online electronic trading of spot goods has grown from small to large, and the trading market has gained a high reputation throughout the country, which has been widely praised and recognized by superior leaders, business circles and insiders.

The difference between spot trading and futures trading

[Similarity]

A. Special trading forms strictly managed and authorized by the state are conducted in a standardized way and must be conducted in the trading market designated by the state:

B. The trading methods are the same: T+0 trading system (positions can be closed on the opening day) and short selling system (when the market falls after judgment, positions can be traded as long as performance bond is provided, and then positions can be bought).

C. The commodities referred to in the exchange are basically the same, and they are all raw materials for mass production: soybeans, adzuki beans, sorghum, soybean meal, rice, mung beans, plywood, natural rubber, copper, aluminum, coal and so on.

D. implement a trading limit system.

[Difference]

A. Different transaction targets: the transaction target of spot online electronic transactions is standardized goods, which belongs to the category of spot transactions, while the target of futures transactions is standardized contracts. Not a real commodity.

B. Different delivery forms: spot online electronic transactions adopt a combination of random delivery and instant delivery; Futures take the form of mandatory delivery at the time stipulated in the contract. (Delivery at any time-delivery can be made at any time after the transaction, and delivery after the market delivery department matches: immediate delivery-spot delivery after the transaction)

C. the risk of futures trading is far greater than that of spot online electronics.