answersLogoWhite

0

A spot transaction is the sale of a product at a fixed price. Or, in the wholesale Foreign Exchange market, settlement occurs two business days after the transaction has been concluded. This is the technical meaning of the word 'spot'

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

Did ikonfx create the Spot Gold Futures contract in response to DFA legislation?

Yes,in cooperation with NASDAQ OMX Futures Exchange,IKONFX created the Spot Gold Futures contract in response to Dodd Frank Act (DFA) legislation, which forced the cessation of all leveraged retail spot gold transactions.


What are the advantages and disadvantages of spot transaction?

Spot transactions offer the advantage of immediate execution, allowing parties to settle trades quickly at the current market price. This can be beneficial for businesses needing immediate liquidity or for investors seeking to capitalize on current market conditions. However, the main disadvantage is the exposure to price fluctuations, as the market can be volatile and prices can change rapidly. Additionally, spot transactions may require larger capital outlays upfront compared to other forms of trading, like futures or options.


What is the difference between gold spot price and gold wholesale price?

The gold spot price refers to the current market price of gold for immediate delivery, while the gold wholesale price includes bulk transactions, discounts, and additional costs for handling and distribution.


What is spot commission?

Spot commission refers to a fee paid to a broker or agent for a transaction that is executed immediately or "on the spot," rather than being arranged for a future date. This type of commission is typically associated with financial markets, real estate, or sales transactions, where the broker earns a commission upon successfully facilitating an immediate sale or trade. Spot commissions can vary based on the nature of the transaction and the agreement between the parties involved.


What are nested transactions in MySQL?

Nested Transactions are transactions within transactions and are currently not supported by MySQL. Nested Transactions are not even vaguely related to Co-related Queries.


The Wall street Journal reported the following spot and forward rates for Swiss Franc SF?

To provide an accurate response, I would need specific details about the spot and forward rates for the Swiss Franc (SF) from the Wall Street Journal. Generally, spot rates indicate the current exchange rate for immediate transactions, while forward rates reflect expected future rates for transactions at a specified date. These rates can be influenced by various factors, including interest rates, economic conditions, and market sentiment. If you provide the specific rates or figures, I can offer a more tailored response.


Where do an order's matched transactions display?

Max transactions Tab


What act served to make electronic transactions as enforceable as paper transactions?

Uniform Electronic Transactions Act


How do you record transactions?

Could you demonstrate on how to record transactions


Where do an orders matched transactions?

Max transactions Tab


How can one spot a good price for gold?

Do not go based on a sales pitch. Do your own research before buying or selling gold. Check to see what the current market value is for gold before making any transactions.


What is foreign exchange and what is it's significance?

According to the dictionary of financial terms any type of financial instrument that is used to make payments between countries is considered foreign exchange. The list of instruments includes electronic transactions, paper currency, checks, and signed, written orders called bills of exchange. Large-scale currency trading, with minimums of $1 million, is also considered foreign exchange and can be handled as spot price transactions, forward contract transactions, or swap contracts. Spot transactions close at the market price within two days, and the others are set to close at an agreed-upon price and an agreed-upon date in the future. learn more basic forex info here: http://www.marketforex.net/forex_basics.html and the importance of forex here: http://www.marketforex.net/forex-leverage-importance.html