spot commodity

(redirected from Spot Commodities)

Spot commodity

A commodity that is traded with the expectation of actual delivery, as opposed to a commodity future that is usually not delivered.

Spot Commodity

A commodity traded on the current market. Spot commodities involve straightforward transactions; there is a buyer and a seller and the seller makes delivery of the commodity promptly when the transaction is settled. A spot commodity differs from a futures transaction, in which the buyer and seller agree to exchange the commodity at some point in the future.

spot commodity

A commodity that is available for immediate delivery.
References in periodicals archive ?
In particular, it will suspend the opening of new trading positions for all spot commodities traded on the exchange starting on June 12, 2017.
Core first-half earnings of HKEX's commodity division -- almost exclusively LME business -- slumped by 19% to HK$513mn as trade in metals declined while hiring linked to a new spot commodities trading platform in China drove up costs.
Operating expenses jumped by 15%, mostly due to hires for "strategic initiatives" such as HKEX's plan to roll out a spot commodities trading platform in Shenzhen.
DME is excited about this new auction capacity, which will enable the Exchange to offer a very attractive solution to customers in the Gulf that are looking to buy or sell spot commodities in a transparent and fair manner," said Owain Johnson, Managing Director of DME.
This offers customers the advantage of a transparent platform to trade spot commodities for immediate delivery.
The rise in oil prices is a sign that as financial markets destabilize, investors are shifting dollar assets into oil, gold and other spot commodities.
According to Rosine (1987), consumption of spot commodities as a share of nominal GDP ranged from 8 percent to 10 percent from 1973 to 1981, but fell to just 4 percent by 1986.
The spot commodities brokerage service designed for regional clients has been well received by the market, which helps reduce trading costs, improve deal efficiency, provide more business options and increase deal rates.
We are very excited about this new auction platform, which will enable the Exchange to offer a very attractive solution to customers in the Gulf that are looking to buy or sell spot commodities in a transparent and fair manner.