Financial spot, such as bonds and stocks, has property rights to some special subject matter, while financial futures are derivatives of financial spot. What is the difference between financial futures and financial spot?

1. The purpose of the transaction is different. Financial spot trading belongs to the transfer of property rights, and futures trading focuses on risk transfer to obtain risk return. The purpose of financial futures trading is not to obtain actual financial products.

2. The price decision is different. Financial spot trading generally adopts one-to-one negotiation to determine the transaction price, while financial futures trading must focus on trading, so the transaction price is determined by public auction.

3. The trading system is different. Mainly: financial spot can be held for a long time, while financial futures have time limit; Financial futures trading can be short, while financial spot can only be bought first and then sold; Financial spot trading is a full transaction, while financial futures trading is a margin transaction, so it is risky.

4. The degree of organization of transactions is different. The location and time of financial spot trading are not strictly regulated, and financial futures trading is strictly limited in the trading hall of the exchange, with scattered information and low transparency. Financial futures trading is relatively centralized, with open information and high transparency; Financial futures trading has strict trading procedures and rules, which has stronger anti-risk ability than financial spot market.