Spot market

<p>The spot market or cash market is a <a href="/facts/Market_(place)/TaoHSSq2">public</a> <a href="/facts/Financial_market/T8g8qFT5">financial market</a> in which <a href="/facts/Financial_instrument/2d93t6Ya">financial instruments</a> or <a href="/facts/Commodity/zD0Em9v7">commodities</a> are traded for <a href="/facts/Spot_date/H03Go2f2">immediate delivery</a>. It contrasts with a <a href="/facts/Futures_exchange/qRQpFANa">futures market</a>, in which delivery is due at a later date.  In a spot market, <a href="/facts/Settlement_(finance)/Jl6SQkJy">settlement</a> normally happens in <a href="/facts/T%252B2/Iwo8xTr2">T+2</a> working days, i.e., delivery of cash and commodity must be done after two working days of the <a href="/facts/Trade_date/y5UMdUez">trade date</a>.  A spot market can be through an <a href="/facts/Exchange_(organized_market)/NTwgFnBD">exchange</a> or <a href="/facts/Over-the-counter_(finance)/tp6s0kEW">over-the-counter</a> (OTC).  Spot markets can operate wherever the <a href="/facts/Infrastructure/QJvbsSpl">infrastructure</a> exists to conduct the transaction.
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Spot market open-in-new

Spot market