A commodities exchange is an exchange where various commodities and derivatives products are traded. Most commodity markets across the world trade in agricultural products and other raw materials (like wheat, barley, sugar, maize, cotton, cocoa, coffee, milk products, pork bellies, oil, metals, etc.) and contracts based on them. These contracts can include spot prices, forwards, futures and options on futures. Other sophisticated products may include interest rates, environmental instruments, swaps, or ocean freight contracts.
Commodities exchanges usually trade futures contracts on commodities, such as trading contracts to receive something, say corn, in a certain month. A farmer raising corn can sell a future contract on his corn, which will not be harvested for several months, and guarantee the price he will be paid when he delivers; a breakfast cereal producer buys the contract now and guarantees the price will not go up when it is delivered. This protects the farmer from price drops and the buyer from price rises.
Speculators and investors also buy and sell the futures contracts in attempt to make a profit and provide liquidity to the system. However, due to the leverage provided by the exchange to traders those participating in commodity futures trading face substantial amounts of speculative risk.[1]
[edit] Commodities exchanges across the world
Main commodity exchanges worldwide:
[edit] Africa
[edit] Americas
| Exchange |
Abbreviation |
Location |
Product Types |
| Brazilian Mercantile and Futures Exchange |
BMF |
São Paulo, Brazil |
Agricultural, Biofuels, Precious Metals |
| Chicago Board of Trade (CME Group) |
CBOT |
Chicago, United States |
Grains, Ethanol, Treasuries, Equity Index, Metals |
| Chicago Mercantile Exchange (CME Group) |
CME |
Chicago, United States |
Meats, Currencies, Eurodollars, Equity Index |
| Chicago Climate Exchange |
CCX |
Chicago, United States |
Emissions |
| HedgeStreet Exchange |
|
California, United States |
Energy, industrial Metals |
| HoustonStreet Exchange |
|
New Hampshire, United States |
Crude Oil, Distillates |
| Intercontinental Exchange |
ICE |
Atlanta, Georgia, United States |
Energy, Emissions, Agricultural, Biofuels |
| Integrated Nano-Science Commodity Exchange |
INSCX |
United Kingdom |
Engineered nanomaterials |
| Kansas City Board of Trade |
KCBT |
Kansas City, United States |
Agricultural |
| Memphis Cotton Exchange |
|
Memphis, United States |
Agricultural |
| Mercado a Termino de Buenos Aires |
MATba |
Buenos Aires, Argentina |
Agricultural |
| Mercado a Termino de Rosario |
ROFEX |
Rosario, Argentina |
Financial, Agricultural |
| Minneapolis Grain Exchange |
MGEX |
Minneapolis |
Agricultural |
| New York Mercantile Exchange (CME Group) |
NYMEX |
New York, United States |
Energy, Precious Metals, Industrial Metals |
| U.S. Futures Exchange |
USFE |
Chicago, United States |
Energy |
| Exchange |
Abbreviation |
Location |
Product Types |
| Agricultural Futures Exchange of Thailand |
AFET |
Bangkok Thailand |
Agricultural |
| Asian Derivative Exchange |
ADX |
Kathmandu, Nepal |
Energy, Industrial Metals, Precious Metals |
| Bursa Malaysia |
MDEX |
Malaysia |
Biofuels |
| Cambodian Mercantile Exchange |
CMEX |
Phnom Penh, Cambodia |
Energy, Industrial Metals, Rubber, Precious Metals, Agri Commodities. |
| Central Japan Commodity Exchange |
|
Nagoya,Japan |
Energy, Industrial Metals, Rubber |
| Dalian Commodity Exchange |
DCE |
Dalian, China |
Agricultural, Plastics, Energy, Agri Commodities |
| Derivatives and Commodity Exchange |
DCX |
Kathmandu, Nepal |
Agricultural, Energy & Agri Commodities |
| Dubai Mercantile Exchange |
DME |
Dubai |
Energy |
| Dubai Gold & Commodities Exchange |
DGCX |
Dubai |
Precious Metals |
| Hong Kong Mercantile Exchange |
HKMEx |
Hong Kong |
Gold |
| Iran Mercantile Exchange |
IME |
Tehran, Iran |
Industrial and Mineral Products, Oil By-products and Petrochemicals Products, Agricultural Products |
| Iranian oil bourse |
IOB |
Kish Island, Iran |
Oil, Gas, Petrochemicals |
| Kansai Commodities Exchange |
KANEX |
Osaka,Japan |
Agricultural |
| Commodities & Metal Exchange Nepal Ltd. |
COMEN |
Nepal |
Gold and Silver |
| National Spot Exchange Limited |
[NSEL] |
Mumbai, India |
Spot Trading in commodities, E-Series |
| Nepal Derivative Exchange Limited |
[NDEX] |
Kathmandu, Nepal |
Agricultural, Precious Metals, Base Metals, Energy |
| Mercantile Exchange Nepal Limited |
MEX |
Kathmandu, Nepal |
Agricultural, Bullion, Base Metals, Energy |
| Nepal Spot Exchange Limited |
NSE |
Kathmandu, Nepal |
Agricultural, Bullion |
| Indian Commodity Exchange Limited |
ICEX |
India |
Energy, Precious Metals, Base Metals, Agricultural |
| Multi Commodity Exchange |
MCX |
India |
Precious Metals, Metals, Energy, Agricultural Products |
| National Multi-Commodity Exchange of India Ltd |
NMCE |
India |
Precious Metals, Metals, Agricultural |
| PAKISTAN MERCANTILE Exchange Limited |
PMEX |
Pakistan |
Precious Metals, Agriculture |
| Bhatinda Om & Oil Exchange Ltd. |
BOOE |
India |
Agricultural |
| Karachi |
Precious Metals, Agricultural |
| National Commodity and Derivatives Exchange |
NCDEX |
India |
All |
| Shanghai Futures Exchange |
|
Shanghai, China |
Industrial metals, Gold, Fuel Oil, Rubber |
| Singapore Commodity Exchange |
SICOM |
Singapore |
Agricultural, Rubber |
| Singapore Mercantile Exchange |
SMX |
Singapore |
Futures & Options contracts in Precious Metals such as physically delivered Gold, Base Metals, Agriculture Commodities, Energy such as WTI and Brent denominated in Euro, Currencies such as Euro-US Dollar Contract, Commodity Indices |
| Tokyo Commodity Exchange |
TOCOM |
Tokyo, Japan |
Energy, Precious Metals, Industrial Metals, Agricultural |
| Tokyo Grain Exchange |
TGE |
Tokyo, Japan |
Agricultural |
| Zhengzhou Commodity Exchange |
CZCE |
Zhengzhou, China |
Agricultural, PTA |
| Buon Ma Thuot Coffee Exchange Center |
BCEC |
Buon Ma Thuot, Vietnam |
Coffee |
[edit] Europe
| Exchange |
Abbreviation |
Location |
Product Types |
| APX-ENDEX |
APX-ENDEX |
Amsterdam, Netherlands |
Energy |
| Commodity Exchange Bratislava, JSC |
CEB |
Bratislava, Slovakia |
Emissions, Agricultural, Diamonds |
| Climex |
CLIMEX |
Amsterdam, Netherlands |
Emissions |
| NYSE Liffe |
|
Europe |
Agricultural |
| European Climate Exchange |
ECX |
Europe |
Emissions |
| Energy Exchange Austria |
EXAA |
Vienna, Austria |
Electricity, Emission Allowances |
| London Metal Exchange |
LME |
London, UK |
Industrial Metals, Plastics |
| Risk Management Exchange |
RMX |
Hannover, Deutschland |
Agricultural |
| European Energy Exchange |
EEX |
Leipzig, Deutschland |
Energy, Emissions |
[edit] Oceania
[edit] See also
[edit] References
