A) different buyers and sellers. The object of spot trading is the physical object, which is the commodity currency exchange between primary currency and primary commodity, while the trading object of futures market is futures contract, not the intuitive commodity currency exchange.
B) the purpose of the transaction is different. Exchange goods in the spot market and make physical delivery within a certain period of time, so as to realize the transfer of commodity ownership. The purpose of futures market trading is not to obtain physical objects or realize the transfer of commodity ownership, but to pass on the risks related to this ownership caused by commodity price changes through futures trading, or to obtain risk income from venture capital.
C) different trading methods. In the spot market, transactions are generally a pair of contracts signed through negotiation, while in the futures market, all transactions should be conducted in a way that the exchange has been openly competitive.
D) different trading places. There are centralized transactions in the spot market, such as fresh wholesale transactions and decentralized transactions, and most transactions are generally decentralized. On the other hand, futures trading must compete in the futures exchange according to futures laws and regulations.
E) different security systems. Spot trading is guaranteed by the contract law and other laws. If the contract is not honored, it will be settled by law. Futures trading is also guaranteed by law, but more importantly, there is a margin system and daily spread settlement, which can ensure the normal operation of the market.
Second, stocks and futures are financial instruments for domestic public investment. What's the difference between them? 1. Stock market with different market functions: for the purpose of financing listed companies.
Futures market: avoiding risks and finding commodity prices for enterprises. 2. The utilization rate of funds is different.
Stock market: full capital investment. For example, 65,438+02 yuan stocks must be invested in cash.
Futures market: only when the investment value is below 10% can futures be traded. For example, 2500 yuan/ton of soybean only needs 2500 * 10% = 250 yuan. 3. The difference in the trading direction of the stock market: the price can only be profitable in the process of rising, and the price will be quilted or lost.
Futures market: two-way trading, that is, there is room for profit when it goes up, and there is room for profit when it goes down (short). 4. The trading mode is different.
Stock market: t+ 1 (sold every other day)
Futures market: t+0 (real time trading). 5. Different market transparency.
Stock market: affected by the authenticity of financial statements of listed companies, the influence of some stock speculation and so on.
Futures market: the price factors affecting commodities are basically reflected in the relationship between supply and demand: the positions of members in the market are unilaterally limited to15%; Large daily positions must be submitted to the exchange. 6. The price fluctuation cycle is different.
Stock market: The cycle from bull market to bear market usually takes about ten years.
Futures market: From bull market to bear market cycle, the unprecedented development opportunities of futures market in 2-3 years will also bring endless opportunities for investors. Two-way trading, margin system and T+0 trading mode in the futures market will bring endless room for growth through your investment.