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I have recently sparked interest in the New York Stock Exchange. The concept of having control and no control at all is sheer excitement. The constant rush of winning big or losing tremendously is not for the faint of heart. The NYSE is a prime example of spot market as we learned in our readings , which is the ability to make a purchase with the delivery of this purchase being immediate. The article I researched explains how the market type works in the NYSE. You have wo parties the buyer and seller and once the buyers bid price and the sellers ask price matches the transaction takes place immediately.

More recently I have entered into a forward market. I provide balloon decoration services a few times a year and I was contacted August 8th,2023 from a customer (buyer) to create balloon decorations for her event that was August 26th, 2023. We went over venue location, color schemes, but most importantly we went over pricing. We agreed to the terms of the trade which as in our reading we learned is a forward market. Forward markets is when two parties agree to the terms of a trade to be consummated on a specific date in the future.