Concept information
Preferred term
spot market
Definition
- A spot market is a real-time market for the trade of commodities or securities, where the transactions are conducted instantly, in contrast with the futures exchange or the forward market, where a price is agreed upon for a transaction that will occur at a specified point in the future. The spot market, then, is the one that operates most like ordinary retail markets, with cash exchanged for goods “on the spot.” The spot price is the price for which something sells on the spot market, and is relevant in futures/forward trades as well as other considerations. [Source: Encyclopedia of Business in Today's World; Spot Market]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/spot_market
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