Spot market
Type of financial market / From Wikipedia, the free encyclopedia
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The spot market or cash market is a public financial market in which financial instruments or commodities are traded for immediate delivery.[1] It contrasts with a futures market, in which delivery is due at a later date.[2] In a spot market, settlement normally happens in T+2 working days, i.e., delivery of cash and commodity must be done after two working days of the trade date.[1] A spot market can be through an exchange or over-the-counter (OTC). Spot markets can operate wherever the infrastructure exists to conduct the transaction.
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