Spot Currency Market

Spot Currency Market

A market in which a currency bought or sold is delivered in two business days (except for the Canadian dollar, which is delivered in one business day). It differs from currency derivatives markets like futures contracts.
References in periodicals archive ?
In creating the Rolling Spot product, the Chicago Mercantile Exchange has taken what it knows how to do best and applied it to what the spot currency market does best," says Nobel economics prize winner Merton H.
Major international exchanges and Forex spot currency market
Kaiser, the president of Zap Futures, said "Zap Futures is extending its products and services into the spot currency market and awarded this contract to Tempest due to the breadth and depth of its spot currency trading team.
However, the NDF market for Indian Rupee is small as compared to the on-shore spot currency markets and OTC markets in currency swaps and forwards.
15bn in spot currency markets in October, according to the bank's November bulletin, its biggest one-month intervention since the RBA began keeping records in 1995.