(1) The direct target of buying and selling is different.

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

(2) Different ways of buying and selling

Spot transactions are generally one-on-one talks about signing contracts, and the details are agreed by one party. If the contract cannot be executed after signing, it will be resorted to law. Futures trading is an open and fair competition, and one-on-one talk (or private hedging) is considered to be law-abiding.

(3) Different trading places

Spot transactions are usually conducted in a decentralized manner. For example, grain and oil, industrial products for daily use, and consumption materials are all traded by some trading companies, consumer manufacturers, and consumer manufacturers in a decentralized way. As long as some individual agricultural and sideline products in the mouth of raw loach are traded in a centralized way in L and k#. However, futures trading must be conducted in an open and centralized manner on the exchange according to law, and cannot be traded over the counter.

(4) the purpose of buying and selling is different

Spot buying and selling is a kind of buying and selling with one hand paying and one hand delivering. Its purpose is to buy and sell goods, and physical delivery and payment settlement are needed immediately or within a certain period of time. The purpose of futures trading is not to get the real thing at maturity, but to hedge the price risk or profit from investment.

(5) Different settlement methods.

Spot transaction is cash on delivery, no matter how long it takes, it is one or more settlements. Due to the implementation of margin system in futures trading, it is necessary to settle profits and losses on a daily basis, and the LT-day mark-to-market system is implemented.

(6) The guarantee system is different

Spot transactions are protected by the Contract Law and other laws, indicating that one party's failure to perform the same contract is a breach of contract, which is handled by arbitration in Law 4. In addition to national laws, industry and exchange rules, futures trading mainly depends on the margin system to ensure maturity.

(7) the range of goods is different

The types of spot transactions can be all commodities that enter circulation, while the types of futures transactions are limited, mainly agricultural products, oil, metal commodities and semi-finished financial products with some primary raw materials. This is about the difference between spot copper and futures copper in futures examination. The answer. 884