The object of electronic trading of bulk commodities is spot commodities; The object of futures trading is standardized contracts.

Second, the regulators are different:

Electronic trading of bulk commodities is supervised by the Ministry of Commerce. Futures trading is supervised by China Securities Regulatory Commission.

Third, the margin ratio is different:

The margin ratio required to participate in electronic trading of bulk commodities is 20%; To participate in futures trading, you only need to pay 5%- 10% margin.

Fourth, the participating groups are different:

Most of the traders involved in electronic trading of bulk commodities are spot production and processing enterprises, trade and distributors; Customers who participate in futures trading are mostly investors and speculators, as long as they have money.

5. The purpose of the transaction is different:

The purpose of electronic trading of bulk commodities is to obtain or transfer the ownership of spot commodities; In futures trading, the purpose of hedgers is to avoid risks, the purpose of speculators is to obtain speculative profits, and the purpose of arbitrageurs is to obtain low-risk returns.

6. Different price risks:

Customers who participate in electronic trading of bulk commodities are mostly spot production and processing enterprises, traders and distributors. Therefore, the price of electronic trading varieties of bulk commodities is closer to the spot price.

Most participants in futures trading are speculators, and their speculative atmosphere is very strong, so the prices of futures trading varieties often deviate seriously from the spot prices in the spot market.