Spot trading refers to a trading method in which buyers and sellers deliver physical goods in real time or short term according to the agreed payment method and delivery method.

The main differences are:

(1) Different settlement time: spot transactions are generally completed immediately or in a short time, while the settlement date of spot electronic transactions is specified in advance.

(2) Different trading objects: the object of spot trading is mainly physical objects, while the object of spot electronic trading is standardized contracts, not contracts.

(3) The purpose of trading is different: the purpose of spot trading is to transfer the ownership of goods; The purpose of spot electronic trading is to obtain the price difference or avoid risks.

(4) trading places is different: spot trading is random, not limited by trading time, place and object, while these conditions of spot electronic trading are fixed.

(5) Different settlement methods: the settlement methods of spot transactions include one-time settlement, cash on delivery or installment payment, while the spot electronic trading market implements the daily settlement system.

Compared with the securities market

Stocks and bonds circulating in the securities market are standardized contracts for the ownership of joint-stock companies and for the creditor's rights and debts of bond issuers.

Main differences:

(1) The basic economic functions are different: the basic functions of the securities market are resource allocation and risk pricing, while the basic functions of the spot electronic trading market are risk avoidance and discovery.

(2) The purpose of trading is different: the purpose of trading in the securities market is to transfer the ownership of securities and obtain the price difference; The purpose of spot electronic trading is to avoid spot risks and seek or obtain investment profits.

(3) The market structure is different: the securities market is divided into primary market and secondary market, while the spot electronic trading market is not so defined.

(4) Different margin provisions: the spot trading of securities must pay the full amount of funds, and the spot electronic trading only needs to pay a certain percentage of margin.

Comparison with futures

Futures trading is also the trading of forward standardized contracts, which is somewhat similar to spot electronic trading. Their main differences are as follows:

(1) Futures markets with different ranges involve a wider range of commodities, more investors participate in transactions and absorb more funds. In this sense, the composition of the bubble is greater and the risk is greater.

(2) The margin ratio is different: the margin ratio in the futures market is about 5%- 10%, and the margin ratio is relatively low and the leverage is large, thus amplifying the risks and benefits of investment. For investors who are new to the market, the risk is even greater. If a person who has never learned to swim goes surfing in the sea, the result can be imagined.

(3) Different trading units: the smallest trading unit in the futures market is the hand, generally, each hand is 10 ton, which means that the smallest trading unit in the futures market is 10 ton, which is a relatively high entry threshold, while the smallest trading unit in the spot warehouse receipt electronic trading market is 1 ton, which is a relatively low entry threshold.

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