Professor Tao Fei, a financial and trade economics expert from the Chinese Academy of Social Sciences, Professor Dong Fuyi, a famous economist, Professor Jiang Ping, a legal expert, and Professor Chen Baoying, a futures expert, conducted research on the new operating method of commodity spot warehouse receipt trading. sufficient argument. The above departments, experts and scholars conducted in-depth discussions and scientific positioning on the feasibility, legality, sustainable development and marketing strategies of online electronic trading of spot commodities from different fields such as economics, politics, and law.

Spot online electronic trading has been recognized and supported by the government by virtue of its own advantages and rationality, and has an appropriate legal status. Transactions generally have trading venues, and spot online electronic trading is no exception. The trading market provides an advanced, fast, convenient and safe trading platform for domestic and foreign spot traders through a modern computer network system, and organizes traders to participate in online electronic transactions of agricultural products and coal commodities. Based on the advantages of online electronic trading of spot commodities, coupled with the strict management and standardized operation of the trading market, the volume of electronic spot trading of commodities has increased from small to large in a short period of time, and the trading market has also gained a higher reputation across the country. It has been widely praised and recognized by superior leaders, business circles and people in the industry.

The difference between spot trading and futures trading [similarity]

a. Both are special trading forms strictly managed by the state and designated and authorized. They are all traded in a standardized form and must be in Trade in the trading market designated by the state:

b. The trading methods are the same: they all implement the T+0 trading system (positions can be closed on the same day they are opened) and the short-buying and short-selling system (when the market falls after judgment and In the case of a position contract, you can perform a sell transaction as long as the performance fee is provided, and buy to cover the position afterwards).

c. The commodities represented by the exchange are basically the same, and they are all bulk production raw materials: soybeans, red beans, sorghum, soybean meal, rice, mung beans, plywood, natural rubber, copper, aluminum, coal, etc.

d. They all implement a trading price limit system. [Differences]

a. The subject matter of the transaction is different: The subject matter of spot online electronic trading is a standardized commodity and belongs to the category of spot trading, while the subject matter of futures trading is a standardized contract. Not a real product.

b. The forms of settlement are different: spot online electronic trading adopts a combination of random settlement and instant settlement: futures implements a form of forced settlement that must be carried out according to the time specified in the contract.

(Settlement at any time--you can initiate settlement at any time after the transaction is completed, and the delivery will be completed after successful matching by the market delivery department: Instant delivery--spot delivery will be carried out after the transaction is completed)