Currency Basics : What is a Spot Market?
A spot market is any market that deals in the current price of a financial instrument. Futures markets, such as the Chicago Mercantile Exchange ( CME ), National Stock Exchange (NSE), MCX' SX, BSE offer currency futures contracts whose delivery dates may span several months into the future. Settlement of FOREX spot transactions usually occurs within two business days.
A spot market is any market that deals in the current price of a financial instrument. Futures markets, such as the Chicago Mercantile Exchange ( CME ), National Stock Exchange (NSE), MCX' SX, BSE offer currency futures contracts whose delivery dates may span several months into the future. Settlement of FOREX spot transactions usually occurs within two business days.