1. Spot trade mode is a trading mode that buyer or seller can specify a price at certain time in a certain market as the basis price for a spot sales contract which both parties agree on, and the basis price will add or minus premiums or discounts which both parties agree on to be settled as a settlement price for this contract. Essentially, spot trade is a way for pricing a spot trade. A Member implements the spot trade on margin through the electronic trading system of the exchange center, to confirm the settlement price for the electronic contract, and perform the contract for delivery, to realize the functionalities of trading, delivery and hedge. Here are the features:
a. Fast and free two-way trade
b. Convenient to delivery, can submit the application for physical delivery at any time.
c. Can stabilize price volatility and guard against price risk.
d. Can predict market movement, discover market price and realize the control over production and marketing
2.Spot listing trade mode is an online trading mode to sell and buy physicals. It is a trading mode that buyers and sellers post purchase and sales information on the platform, including major attributes, specifications, quantity, price, delivery location and time and payment method of the trading product, for looking for counterparties to enter into an electronic contract upon an agreement is reached. The spot transaction is not transferable as soon as the deal is done, and immediately moves forward to the physical delivery phase. Here are the features:
a. Support for customized commodity transaction, and truly achieve the needs between buyers and sellers.
b. Execute trade at any time, flexible and convenient.
c. Margin trade, credit guaranteed.
d. Conform to spot trade custom.