The price of an asset (a tradable asset) such as a security, commodity, or contract, that is determined on the spot market. The spot price may also denote the cash price or average price of a security in floor trading for securities that do not have a liquid market- i.e., that are not traded continuously due to low or limited level of liquidity.
For a commodity, it is the current delivery price that is quoted in the spot market.
It may also be referred to, in certain venues, as a single cash price.
