1. Spot reflects current supply and demand prices, while futures reflect future prices. Futures contracts include forward contracts and recent contracts. Generally speaking, the futures price of recent contracts is synchronized with the spot price. The spot corresponding to forward futures may rise or fall.
2. Spot refers to physical objects that can be shipped, stored and manufactured, also called physical objects. The spot available for delivery can be converted into cash on the basis of spot or forward, or the payment can be made in advance, and the buyer can pay in a very short time. Symmetry of futures. In spot trading, the common way is cash on delivery or barter.
3. Spot trading is conducted by using the Internet as a tool and the mode of e-commerce. Buyers and sellers do not meet, the electronic trading market is the trading platform, and the national government is the referee; It is a win-win model combining online and offline, reality and virtual, traditional economy and network economy, which fully solves many problems in spot commodity trading, such as living source, customer source, online settlement, logistics and distribution.
4. Specific provisions of the price limit system: the futures exchange implements the price limit system, and the exchange sets the maximum daily price fluctuation range of each futures contract. When a futures contract is closed at the price of the price limit, the principles of closing priority and time priority are implemented, but the principle of closing priority does not apply to new positions opened on the same day. One-sided discontinuous market (hereinafter referred to as one-sided market) refers to the situation that a futures contract only has a buy (sell) declaration with a stop-loss price within 5 minutes before the close of a trading day, and there is no sell (buy) declaration with a stop-loss price, or a transaction is made as soon as a sell (buy) declaration is made, but the stop-loss price has not been opened.