1, the difference between contract standardization

Futures contracts are strictly standardized contracts. The quality, grade, quantity, delivery time and delivery place of each futures trading object entering the futures exchange have been determined by the exchange. Only futures prices are determined by public bidding and computer photography.

The spot contract is not standardized, and the specific terms of the spot contract (such as delivery type, quantity, time and place, etc. ) It must be agreed by both parties through consultation.

2. Differences in delivery content

Futures contract is only a special number in futures trading, and it is the carrier of futures trading, which enables futures investors to achieve their set goals or hedge price risks by buying and selling futures contracts, or to obtain spread profits by sharing price risks.

The spot contract requires delivery of all physical objects.

3. Is there a difference between contractors?

Futures contracts are not signed by buyers and sellers. There is no paper contract in futures trading, and there is no need to endorse the contract when transferring it, which is similar to the contract in spot trading.

Spot contract requirements include details such as contract delivery price, quantity, time and place. , it can take effect only after being signed and sealed by both parties. During this period, if either party fails to perform the contract, it must endorse it before the performance of its responsibilities, obligations and rights is transferred to a third party.

A futures contract is an agreement in which the buyer agrees to receive assets at a specific price after a specified time, and the seller agrees to deliver assets at a specific price after a specified time. The price that both parties agree to use in future transactions is called futures price. The designated date on which both parties must conduct transactions in the future is called settlement date or delivery date. The assets that both parties agree to exchange are called "targets".

Spot contract is a sales agreement for immediate or future delivery of actual goods. Spot contract: A trading method that takes spot standardized contract as the subject matter, conducts unified trading, transfer and settlement of call auction trading through electronic trading platform, and displays price quotation in real time. The essence of spot contract trading is to serve the modern trading industry by financial means.

Baidu Encyclopedia-Futures Contract

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