Spot trade

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Spot trade

The purchase and sale of a foreign currency, commodity, or other item for immediate delivery.

Spot Trade

A trade on any commodity or contract for immediate delivery. The most common spot trade is a trade on a foreign exchange contract. If one is trading a physical commodity, the buyer receives delivery of the underlying goods and compensates the seller immediately. If a spot trade is not settled immediately, the counterparty responsible is expected to compensate the other. Spot trades contrast with futures trades.
References in periodicals archive ?
These companies account for 98% of spot trading volume in the USA.
Like most other NOCs in the Middle East, ADNOC seldom engages in spot trading.
Fortress Prime is seeing substantial demand for gold and silver spot trading with continued interest in retail forex trading.
On the other hand, the Group plans to continue to leverage this platform to actively promote capital market transactions and services for coal-related financial derivative products, such as extending its spot trading service platform to provide online trading and medium to long term coal spot trading, and strives to build Qinhuangdao Coal Market into the largest coal trading market in China with the most comprehensive functions and a focus on logistical services.
The second is a Dubai Branch office holding a Representative Office License from the UAE Central Bank, focused on future spot trading platforms.
Spot trading means trading in the short run, such as within the same day or for the next day.
The announcement is the latest in a trend which has seen a growing portion of the industry move away from spot trading and instead develop long-term collaborations.
20 a barrel in spot trading in the week ended on December 20.
The National Spot Exchange Ltd, an Indian spot trading platform controlled by Financial Technologies, suspended trading on July 31 after the government sought details on its settlement cycle.
NSEL, which provides an electronic platform to farmers and traders for spot trading in farm products and bullion among others, said that it would meet all obligations towards brokers and clients who have traded on its platform.
London Gold and Commodities Exchange is expected to offer more trading and risk management strategies rather than spot trading with its new forex trading service.
But "a cautious mood prevailed over the market, with investors also refraining from spot trading due to a halt in derivative transactions," said a broker.