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 ?
As the spot currency market opened its first trading day of the week, the peso was quoted lower by eight centavos at P45.
The central bank said that it would extend daily dollar purchases for two months in the spot currency market to control the appreciation of the peso.
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.