Spot Market

A spot market is a platform where goods, commodities, or financial instruments are traded for immediate delivery and payment. In this market, transactions occur "on the spot," meaning buyers and sellers agree on a price and complete the exchange right away, rather than at a future date. Common examples include the trading of oil, gas, or even currencies. Spot markets are crucial for determining the current market price of these items based on supply and demand, allowing participants to quickly take advantage of favorable conditions.