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 financial leverage provided to traders by the exchange, commodity futures traders face a substantial risk.[1]
Commodities exchanges across the world [edit]
Main commodity exchanges worldwide:
Africa [edit]
| Exchange |
Abbreviation |
Location |
Product Types |
| Africa Mercantile Exchange |
AfMX |
Nairobi, Kenya |
Agricultural, Energy |
| Nairobi Coffee Exchange |
NCE |
Nairobi, Kenya |
Coffee |
| Ethiopia Commodity Exchange |
ECX |
Addis Ababa, Ethiopia |
Agricultural |
| Agricultural Commodity Exchange for Africa |
ACE |
Lilongwe, Malawi |
|
| Mercantile Exchange of Madagascar |
MEX |
Antananarivo, Madagascar |
Agricultural, Metals, Energy |
| Global Board of Trade |
GBOT |
Ebene, Mauritius |
Metals, Forex |
| SAFEX (Johannesburg Securities exchange) |
JSE |
Sandton, South Africa |
Agricultural |
|
| (Makola Agricuturals Exchange) |
|
Accra, Ghana |
Alternative Agricultural |
Americas [edit]
| 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 |
| Flett Exchange |
|
Jersey City, United States |
Environmental |
| 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 |
| 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 |
| Nadex Exchange |
|
Chicago, United States |
Energy, industrial Metals |
| 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 |
| International Commodity Exchange Kazakhstan |
|
Almaty Kazakhstan |
Industrial and Mineral Products, Oil By-products and Petrochemicals, Agricultural |
| Agricultural Futures Exchange of Thailand |
AFET |
Bangkok Thailand |
Agricultural |
| Bursa Malaysia |
MDEX |
Malaysia |
Biofuels |
| Cambodian Mercantile Exchange |
CMEX |
Phnom Penh, Cambodia |
Energy, Industrial Metals, Rubber, Precious Metals, Agricultural |
| Central Japan Commodity Exchange |
|
Nagoya,Japan |
Energy, Industrial Metals, Rubber |
| Dalian Commodity Exchange |
DCE |
Dalian, China |
Agricultural, Plastics, Energy |
| Dubai Mercantile Exchange |
DME |
Dubai |
Energy |
| Dubai Gold & Commodities Exchange |
DGCX |
Dubai |
Precious Metals |
| Hong Kong Mercantile Exchange |
HKMEx |
Hong Kong |
Gold, Silver |
| Iran Mercantile Exchange |
IME |
Tehran, Iran |
Industrial and Mineral Products, Oil By-products and Petrochemicals, Agricultural |
| 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, Silver |
| National Spot Exchange Limited |
[NSEL] |
Mumbai, India |
|
| 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 |
| Derivative and Commodity Exchange Nepal Ltd. |
DCX |
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, Base Metals, Energy, Agricultural |
| National Commodity and Derivatives Exchange |
NCDEX |
India |
Precious Metals, Base Metals, Energy, Agricultural |
| National Multi-Commodity Exchange of India Ltd |
NMCE |
India |
Precious Metals, Base Metals, Agricultural |
| Ace Derivatives & Commodity Exchange Ltd. |
ACE |
India |
Agricultural |
| Bhatinda Om & Oil Exchange Ltd. |
BOOE |
India |
Agricultural |
| UCX |
UCX |
India |
Agricultural |
| Pakistan Mercantile Exchange |
PMEX |
Pakistan |
Precious Metals, Agricultural Products, Crude Oil, Interest Rate Future |
| Shanghai Futures Exchange |
|
Shanghai, China |
Industrial metals, Gold, Petrochemicals, Rubber |
| Shanghai Gold Exchange |
|
Shanghai, China |
Precious Metals |
| Singapore Commodity Exchange |
SICOM |
Singapore |
Agricultural, Rubber |
| Singapore Mercantile Exchange |
SMX |
Singapore |
Precious Metals, Base Metals, Agricultural, Energy |
| Uzbek Commodity Exchange |
UZEX |
Tashkent, Uzbekistan |
Metals, crude oil products, chemicals, base oils, LPG and polyethylene, sugar, agricultural, etc. |
| 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 |
| Vietnam Commodity Exchange |
VNX |
Ho Chi Minh city, Vietnam |
Coffee, Rubber, Steel |
| Buon Ma Thuot Coffee Exchange Center |
BCEC |
Buon Ma Thuot, Vietnam |
Coffee |
Europe [edit]
| Exchange |
Abbreviation |
Location |
Product Types |
Life Time |
| APX-ENDEX |
APX-ENDEX |
Amsterdam, Netherlands |
Energy |
| Trieste Commodity Exchange |
BMTS |
Trieste, Italy |
Agricultural |
| Commodity Exchange Bratislava, JSC |
CEB |
Bratislava, Slovakia |
Emissions, Agricultural, Diamonds |
| Climex |
CLIMEX |
Amsterdam, Netherlands |
Emissions |
| NYSE Liffe |
LIFFE |
[Europe]] |
Agricultural |
Founded in 1982, merged into Euronext in 2002 |
| European Climate Exchange |
ECX |
Europe |
Emissions |
| Energy Exchange Austria |
EXAA |
Vienna, Austria |
Energy, Emissions |
| Integrated Nano-Science Commodity Exchange |
INSCX |
United Kingdom |
Nanomaterials |
| London Commodity Exchange |
LCE |
London, UK |
Agricultural |
Merged into LIFFE in 1996 |
| London Metal Exchange |
LME |
London, UK |
Industrial Metals, Plastics |
| European Energy Exchange |
EEX |
Leipzig, Deutschland |
Energy, Emissions |
Oceania [edit]
See also [edit]
References [edit]
