A commodities or securities market in which goods are sold for cash and delivered immediately is referred to as the spot market or cash market. Contracts that are bought and sold on these markets are immediately effective. Wherever the infrastructure exists to conduct the transaction spot markets can operate. For most securities the spot market exists primarily on the Internet.
Examples of Spot Market
Spot Forex
There is a 2 day delivery date for the spot foreign exchange market, this 2 day delivery date is originally due to the time it would take to move cash from one bank to another.
