A market în whîch securities àré traded fôr immediate delivery, às distinct frôm à forward market. Spot în thîs context means ‘immediately effective’, sô thàt spot price îs thé price fôr immediate delivery. The actual delivery ôf securities takes place either ôn thé same day ôf contract ôr ôn thé next day. Trading ßy delivery ôf shares & payment fôr same ôn thé date ôf purchase ôr ôn thé next day.
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