The purpose of the transaction is different. On-site processing, commodity settlement time. Futures are profitable, or there is a guarantee of value change.

The direct transaction object is different. The object of direct transaction is commodities, and we have samples. You can look at the price of goods directly, but we need to consider the buying and selling of futures contracts that are directly subject to futures trading.

The exchange place is different. Spot transactions are generally made by manufacturers, and occasionally wholesale transactions are made. Futures trading is concentrated in the exchange. Spot transactions are generally one-to-one and one-to-one contract negotiations. The specific content agreed by both parties and the signed contract cannot be fulfilled, which is subject to legal recourse. Futures trading is conducted in an open and fair manner. One-on-one negotiation (or private hedging) is considered illegal.

Trading methods are different. Spot trading is one-on-one negotiation, and then directly sign the contract. Futures are conducted in a fair way, and no one is interested in a transaction.

Different security systems. Through a series of legal protections such as the Contract Law, contracts can be used to solve the problem of breach of contract. However, the laws and regulations of the futures trading industry, the margin system as a guarantee protection.

The settlement method is different. Spot transaction means that the goods arrive at this section and the payment is settled once or more. However, due to the futures trading margin system, it is necessary to balance the daily settlement and implement the daily settlement system.