spot market
noun[C]
ukus(alsocash market);(alsospot cash market)FINANCE,MONEY
amarketforcurrenciesorcommoditiesin which they aresoldand given to thebuyerimmediately,ratherthan beingsoldforward(= to be taken on afuturedate):
Crudeoilpricesfellto just over $26 abarrelyesterdayon New York'sspotmarkets.
Compare
futures market