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It immediate delivery, but you dont actually take possesion of the actual currency. Different than futures or options where you have rights to purchase based on future outcomes

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fuji022
fuji022
1 year ago

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spot means immediate delivery. It also means current.

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Suneetha
Suneetha
1 year ago

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Spot means for immediate delivery.

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Kingpin
Kingpin
1 year ago

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The spot market or cash market is a public financial market, in which financial instruments are traded and delivered immediately. The spot market can be of both types: * an organized market, an exchange or * "over the counter", OTC.

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fxpie
fxpie
1 year ago

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AS the name implies spot - For immediate delivery.

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thegreeks
thegreeks
1 year ago

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The part of the market calling for spot settlement of transactions or a market that deals in commodities or foreign exchange for immediate rather than future delivery.

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RPT
RPT
1 year ago

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What Does Spot Market Mean?
1. A commodities or securities market in which goods are sold for cash and delivered immediately. Contracts bought and sold on these markets are immediately effective.

2. A futures transaction for which commodities can be reasonably expected to be delivered in one month or less. Though these goods may be bought and sold at spot prices, the goods in question are traded on a forward physical market.
Investopedia explains Spot Market
1. The spot market is also called the "cash market" or "physical market", because prices are settled in cash on the spot at current market prices, as opposed to forward prices.

2. Crude oil is an example of a future that is sold at spot prices but its physical delivery occurs in one month or less.

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Tyce
Tyce
1 year ago