List of commodities exchanges
The floor of the Chicago Board of Trade, a major commodities exchange in the United States.
Main article: Commodity market
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
Main commodity exchanges worldwide:
Africa
| Exchange | Abbreviation | Location | Product Types | |
|---|---|---|---|---|
| Africa Mercantile Exchange | AfMX | Nairobi, Kenya | Agricultural, Energy | |
| Egyptian Commodities Exchange | EGYCOMEX | Cairo, Egypt | Agricultural, Energy | |
| Nairobi Coffee Exchange | NCE | Nairobi, Kenya | Coffee | |
| Ethiopia Commodity Exchange | ECX | Addis Ababa, Ethiopia | Agricultural | |
| East Africa Exchange[2] | EAX | Kigali, Rwanda | Agricultural | |
| Agricultural Commodity Exchange for Africa[3] | ACE | Lilongwe, Malawi | ||
| Auction Holding Commodity Exchange[4] | AHCX | Lilongwe, Malawi | Agricultural | |
| Mercantile Exchange of Madagascar[5] | MEX | Antananarivo, Madagascar | Agricultural, Metals, Energy | |
| Bourse Africa (previously GBOT)[6][7] | Ebene City, Mauritius | Metals, Forex | ||
| South African Futures Exchange (part of JSE Limited) | JSE | Sandton, South Africa | Agricultural | |
| Abuja Securities and Commodity Exchange | ASCE | Abuja, Nigeria | Agricultural products |
Americas
Asia
| Exchange | Abbreviation | Location | Product Types |
|---|---|---|---|
| Manila Commodity Exchange | MCX | Manila Philippines | commodities, futures contracts and options contracts on various base metals, agriculture commodities, energy, and currencies |
| 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 |
| Bangla Mercantile Exchange | |||
| 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 | |
| Chittagong Tea Auction | Chittagong, Bangladesh | Tea | |
| 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 |
| Indonesia Commodity and Derivatives Exchange | ICDX | Indonesia, Jakarta | Agricultural Products, Base Metals, Financial Products |
| Iran Energy Exchange | IRENEX | Tehran, Iran | All energy carriers such as crude oil, petroleum products, electricity, coal... |
| Iran Mercantile Exchange | IME | Tehran, Iran | Industrial and Mineral Products, Oil By-products and Petrochemicals, Agricultural |
| Jakarta Futures Exchange | JFX | Jakarta, Indonesia | Cocoa, Arabica and Robusta Coffee, Precious Metals, Olein, CPO, Coal, Tea, and Rubber |
| 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 |
| Chamber of Commerce, Hapur | COC | India | Agricultural |
| Ace Derivatives & Commodity Exchange Ltd. | ACE | India | Agricultural |
| Bhatinda Om & Oil Exchange Ltd. | BOOE | India | Agricultural |
| Universal Commodity Exchange | UCX | India | Agricultural, Energy, Precious Metals |
| 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 |
| Mongolian Agricultural Commodity Exchange | MCE | Ulaanbaatar city, Mongolia | Agricultural |
Europe
| 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 | |
| Deutsche Börse/Eurex | DBAG/EUREX | Frankfurt, Deutschland | Agricultural, Metals, ETCs, Commodities Index | |
| European Climate Exchange | ECX | London, UK | Emissions | founded in 2005, acquired by ICE in 2010 and merged into ICE Futures Europe |
| European Energy Exchange | EEX | Leipzig, Deutschland | Power, Natural Gas, Emissions, Coal | |
| Energy Exchange Austria | EXAA | Vienna, Austria | Energy, Emissions | |
| Commodities Investment Exchange | COINVEX | London, England | Oil & Gas, Mining, Renewable Energy | |
| Integrated Nano-Science & Commodity Exchange | INSCX | United Kingdom | Nanomaterials | |
| London Commodity Exchange | LCE | London, UK | Agricultural | Merged into LIFFE in 1996 |
| Nasdaq Commodities[8] | Oslo, Norway | Power, Natural Gas, Emissions, Freight, Iron Ore | ||
| Nord Pool Spot[9] | Oslo, Norway | Power, Energy | ||
| NYSE Liffe | LIFFE | Europe | Agricultural | Founded in 1982, merged into Euronext in 2002 |
| London Metal Exchange | LME | London, UK | Industrial Metals, Plastics (Delisted in 2011) | |
| Power Exchange Centra Europe[10] | PXE | Prague, Czech Republic | Power |
Oceania
| Exchange | Abbreviation | Location | Product Types |
|---|---|---|---|
| Australian Securities Exchange | ASX | Sydney, Australia | Agricultural, Energy, Interest Rate Future |
| ABX Global | ABX | Brisbane, Australia | Precious Metals |
See also
- Commodity market
- Commodity trading in private electronic markets
- List of futures exchanges
- List of traded commodities
References
- ↑ NFA. "Opportunities and Risk". http://www.nfa.futures.org/NFA-investor-information/publication-library/opportunity-and-risk-entire.pdf. Pg 75.
- ↑ "East Africa Exchange".
- ↑ "AceAfrica".
- ↑ "AHCX Malawi - AHL Commodity Exchange".
- ↑ http://www.mexmadagascar.com
- ↑ "Mauritian Exchange GBOT to Target Africa – Rebrands to BOURSE AFRICA". Finance Magnates. October 30, 2013.
- ↑ "Bourse Africa".
- ↑ "Nasdaq Commodities". NASDAQOMX.com.
- ↑ "Nord Pool Spot". nordpoolspot.com.
- ↑ "POWER EXCHANGE CENTRAL EUROPE (PXE): About PXE".
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