Commodities, foreign exchange, or securities trading market (usually over the counter and not through an exchange) for cash payment and almost immediate (7 business days for commodities and securities, 2 business days for foreign exchange) delivery. Also called cash market or physical market. See also futures market.
Use 'spot market' in a Sentence
The spot market was known for its fast delivery and I wanted to know more about how it worked and what function it had in relation to us.
The spot market had a rate that was attractive enough for us to buy immediately and we promptly exercised our option at that rate.
The origin of spot market was in 1935-40. Grain, gold, crude oil, etc are traded in exchange or over the counter (OTC) or open spot markets in early days, which guaranteed immediate delivery.
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