SPOTMARKET

Spot market

The spot market or cash market is a public financial market, in which financial instruments or commodities are traded for immediate delivery. It contrasts with a futures market in which delivery is due at a later date.In spot market settlement happens in t+2 working days i.e. delivery of cash and commodity must be done after the two working day of the trade date. A spot market can be:

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spot market

Noun

  1. A market in which commodities are bought and sold for immediate delivery. Delivery usually takes place in the same or next business day.
    The price on the futures market depends in part on the price on the spot market.


The above text is a snippet from Wiktionary: spot market
and as such is available under the Creative Commons Attribution/Share-Alike License.

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