Difference 1: The investment participants are different.

The domestic securities market mainly includes large and small public offerings and private placements, QFLL, social security, insurance, brokers and other institutions. The most famous ones are many retail investors, scattered funds and lack of knowledge. Fortunately, they are all participants at your own risk!

The domestic spot market is an exchange for market makers, developing member companies, providing a trading platform and not participating in spot trading; The commodities of some exchanges are not international spot commodities, such as derivatives of crude oil, alkanes and various commodities with various names. Obviously, warehouse receipts are not formed at the same price as the national spot market; Basically, it is a hedge between member companies and customers, which can also be said to be gambling!

Difference 2: The transaction cost is different.

In the securities market, big bets are small in the short term, and the profit and loss are determined according to the fluctuation of the day. Maximum plus or minus 10%, and the settlement is T+ 1. The spot market is a leveraged margin transaction, with necessary reserves reserved; Short-term fluctuations are small and large, and the mid-line cycle is small and large, and there is no upper limit for T+0 bilateral transactions; Of course, high risks are accompanied by high returns, so we must control our positions and put them in storage safely!

Difference 3: the difference between virtual goods and physical goods

Securities are all kinds of economic rights and interests certificates, and also refer to specialized products. It is a legal document used to prove that the holder enjoys certain rights. [1] mainly includes capital securities, currency securities and commodity securities. In a narrow sense, securities mainly refer to securities products in the securities market, including property market products such as stocks, debt market products such as bonds, and derivative market products such as stock futures, options and interest rate futures.

Spot refers to the physical objects that can be shipped, stored and manufactured, also known as physical objects. Spot refers to the goods that the seller pays for the goods immediately after the transaction is completed, or the buyer pays for the goods in a very short time. Spot is the symmetry of futures. In spot trading, the common trading method is cash on delivery or barter.

Difference 4: The regulatory authorities are slightly different.

I understand that the securities market is supervised by China Securities Regulatory Commission. The spot market is not only regulated by the CSRC, but also by the Ministry of Commerce and local management. At present, most spot markets in China are mainly supervised by local authorities.