(plural spot markets)
- (trading, economics, finance) A market in which commodities are bought and sold for immediate delivery. Delivery usually takes place in the same or next business day.
- The price on the futures market depends in part on the price on the spot market.
spot market - Investment & Finance Definition
Throughout different securities and commodities markets, a price that is good only at a particular moment in time. In the foreign exchange market, the spot market involves a straightforward trans-action in which one currency is directly exchanged for another. A spot market is in contrast to the futures market or forward market, in which the price refers to a certain time in the future. References to the spot market are often found in the foreign exchange market. The terms cash market and spot market are generally interchangeable.