The direct goal of buying and selling is different.

The direct object of spot trading is the commodity itself, including samples, objects and pricing. The direct object of futures trading is futures contracts, not how many contracts to buy or sell.

2. The purpose of the transaction is different.

Spot transaction is the transaction of primary currency and primary commodities, and it is a direct means to meet the needs of buyers and sellers by obtaining or transferring the ownership of commodities immediately or within a certain period of time.

The purpose of general futures trading is not to obtain the due physical objects, but the purpose of hedgers is to transfer the price wind in the spot market through futures trading.

Risk, the purpose of investors is to obtain risk profits from price fluctuations in the futures market.

3. Different trading methods

Spot transactions are generally one-on-one negotiations to sign a contract, and the specific content is agreed by both parties. If the contract cannot be fulfilled after signing, it will be resorted to law.

Futures trading is conducted in an open and fair manner. One-on-one negotiation (or private hedging) is considered illegal.

4. Different trading places

Spot trading is generally not limited by trading time, place and object, flexible and convenient, and can be traded with opponents at any place.

Futures trading must be conducted in an open and centralized manner in the exchange according to law, and cannot be traded over the counter.

5. Different product ranges

The varieties of spot trading are all commodities in circulation, while the varieties of futures trading are limited. Mainly agricultural products, oil, metal dealers.

Products and some primary raw materials and financial products.

6. Different settlement methods

Spot trading is cash on delivery, no matter how long it takes, it is a settlement or several settlements.

Futures trading adopts a daily debt-free settlement system, and profits and losses must be settled daily. The settlement price is calculated according to the weighted average of transaction prices.

Extended data:

Spot foreign exchange trading is also called "spot foreign exchange trading". "Forward foreign exchange transaction" is a form of symmetrical foreign exchange transaction, in which buyers and sellers make delivery on the day or the second business day after the transaction is completed in the foreign exchange market. Spot foreign exchange transaction is the most common transaction form in the international foreign exchange market, and its basic function is to complete currency exchange.

Its function: to meet the temporary payment demand and realize the international transfer of currency purchasing power; Adjust the proportion of various foreign exchange positions through spot foreign exchange transactions to maintain the balance of foreign exchange positions in order to avoid the risk of economic fluctuations; Make use of the cooperation between spot foreign exchange trading and forward trading to speculate on foreign exchange and seek speculative profits.

Futures trading is an advanced trading method based on spot trading and forward contract trading. In order to transfer the risk of market price fluctuation, it refers to the form of buying and selling futures contracts in an open competition on commodity exchanges through brokers.

Futures, usually futures contracts, are contracts. A standardized contract made by a futures exchange to deliver a certain amount of subject matter at a specific time and place in the future.

References:

Futures Trading _ Baidu Encyclopedia