What is the biggest difference between spot and futures?
What is the difference between spot electronic trading and futures trading? \x0d\ Answer: The difference is as follows: \x0d\ 1. Similarity \x0d\ 1. All special trading forms are strictly managed and authorized by the state, and are traded in a standardized form, and must be traded in the trading market designated by the state. \x0d\ 2。 Trading methods are the same: T+0 trading system (positions can be closed on the opening day) and short selling system. It is judged that in the case of market decline and position contract, as long as the performance bond is provided, the transaction can be carried out, and the position can be bought afterwards. \x0d\ 3。 The commodities referred to in the exchange are basically the same, all of which are raw materials for mass production: soybeans, adzuki beans, sorghum, soybean meal, rice, mung beans, plywood, natural rubber, copper, aluminum, coal and so on. \x0d\ 4。 Implement a trading price limit system. \x0d\ II。 Difference \x0d\ 1. Different transaction targets: the target of medium and long-term spot electronic transactions is standardized goods, which belongs to the category of spot transactions, while the target of futures transactions is standardized contracts, not real goods. \x0d\ 2。 Different delivery forms: medium and long-term spot electronic transactions adopt a combination of random delivery and instant delivery; Futures is a form of forced delivery at the time stipulated in the contract. Delivery at any time-delivery can be made at any time after the transaction, and delivery will be made after the market delivery department is successful in matching; Immediate delivery-immediate delivery when the transaction is completed. \x0d\ 3。 The risk of futures trading is far greater than that of medium and long-term spot electronic trading.