Welcome to the RJO Futures trading terms glossary. Within this glossary, you will find an expansive list of trading terms covering commodity, option, and futures trading terminology. Bookmark this section as a quick reference for definitions of trading terms as you browse the Internet and our site for more information on futures and options trading within the financial and commodities markets.
In futures markets, this term usually refers to a cash market price for a physical commodity that is available for immediate delivery. Where forex is concerned, the term generally refers to the current market price. Settlement of spot FX transactions usually occurs within two business days.