期货交易与现货交易有何不同？

Group 1 - The essence of spot trading involves the immediate transfer of ownership of existing goods to meet actual production, consumption, or circulation needs, while futures trading is based on standardized contracts for future delivery of goods at a specified time and price [1] - Participants in spot trading are primarily producers, consumers, or traders, directly serving the real economy, whereas futures trading includes both industry players and speculators, with the latter aiming to profit from price fluctuations [1] - Spot trading contracts are negotiated between parties and are personalized, while futures contracts are standardized by exchanges, ensuring high liquidity and facilitating quick transactions [1] Group 2 - Spot trading can occur through flexible arrangements, including over-the-counter negotiations or various markets, with less stringent regulatory requirements, while futures trading must occur on approved exchanges under strict regulations [2] - Spot trading typically requires full payment for goods, resulting in lower leverage and risks primarily associated with price fluctuations, logistics, and quality, whereas futures trading employs a margin system, allowing for significant leverage and higher potential risks and rewards [2]