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

The delivery date of futures can be one week later, one month later, three months later or even one year later.

A contract or agreement to buy or sell futures is called a futures contract.

The place where futures are bought and sold is called the futures market.

Investors can invest or speculate in futures. Most people think that improper speculation in futures, such as short selling without goods, will lead to financial market turmoil, which is not correct. Going long and shorting at the same time is a healthy and normal trading market.

About spot spot electronic trading (also known as electronic trading of bulk commodities or spot warehouse receipt trading) is a trading mode in which spot warehouse receipt is the subject matter of the transaction, centralized bidding transactions are conducted by computer network, unified matching transactions are made, unified settlement payments are made, and real-time price quotations are displayed. Its essence is the e-commerce of spot goods. The Standard for Electronic Trading of Bulk Commodities clearly defines bulk commodities: material commodities that can enter the circulation field, but are not retail links, have commodity attributes and are used for industrial and agricultural production and consumption.

Spot warehouse receipt is a kind of certificate representing the ownership of goods issued by the market to the owner after the goods are delivered to the designated warehouse. After the spot warehouse receipt is registered in the trading market, it can enter the trading system of the spot trading market through the Internet for trading. Spot warehouse receipts can be freely transferred, traded or delivered in kind in the market. Spot trading is actually a standardized warehouse receipt transaction.

Spot trading is based on the network as a tool and e-commerce mode. Buyers and sellers don't meet, the electronic trading market is the trading platform, and the national government is the referee. It is a win-win model combining online and offline, reality and virtual, traditional economy and network economy, which fully solves many problems in spot commodity trading, such as living source, customer source, online settlement, logistics and distribution.