This topic examines the differences between futures trading and spot trading. The object of futures trading is standardized contracts, and the object of spot trading is commodities; Futures trading has time difference, business flow and logistics are separated, spot trading is completed immediately or in a short time, and business flow and logistics are basically the same in time and space; There are no specific restrictions on the place and method of spot trading in the futures exchange. There is no debt in the daily settlement of futures trading, and the spot trading is mainly based on one-time settlement, supplemented by cash on delivery or installment settlement.