commodity exchange

Open and organized marketplace where ownership titles to standardized quantities or volumes of certain commodities (at a specified price and to be delivered on a specified date) are traded by its members. Although samples of the commodities are physically examined and graded physical delivery of the commodity rarely occurs because the delivery contracts are usually exchanged or closed out (traded out) before their expiration date. !ommodity exchanges are divided roughly into three main types" metals exchanges fuels exchanges and soft (agricultural) commodity exchanges. Other exchanges deal in currencies and commodity indices. Also called commodity futures market or commodity market. A commodities exchange is an exchange where various commodities and derivatives products are traded. #ost 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. $hese 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. !ommodities 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. $his protects the farmer from price drops and the buyer from price rises. &peculators and investors also buy and sell the futures contracts in attempt to make a profit and provide liquidity to the system. 'owever due to the financial leverage provided to traders by the exchange commodity futures traders face a substantial risk.()*

Commodities exchanges across the world

Asia
Exchange +nternational !ommodity ,xchange -azakhstan Agricultural 1utures ,xchange of $hailand /ursa #alaysia !ambodian #ercantile ,xchange !entral 5apan !ommodity ,xchange !hittagong $ea Auction 2alian !ommodity 2!, ,xchange 2ubai #ercantile ,xchange 2#, 2ubai 7old 8 !ommodities 27!3 ,xchange Abbreviation Location Almaty -azakhstan Product Types +ndustrial and #ineral .roducts Oil /y0 products and .etrochemicals Agricultural

A1,$ #2,3 !#,3

/angkok $hailand Agricultural #alaysia .hnom .enh !ambodia 6agoya 5apan !hittagong /angladesh 2alian !hina 2ubai 2ubai /iofuels ,nergy +ndustrial #etals 4ubber .recious #etals Agricultural ,nergy +ndustrial #etals 4ubber $ea Agricultural .lastics ,nergy ,nergy .recious #etals

'ong -ong #ercantile ,xchange +ran #ercantile ,xchange +ranian oil bourse -ansai !ommodities ,xchange !ommodities 8 #etal ,xchange 6epal 9td. 6ational &pot ,xchange 9imited 6epal 2erivative ,xchange 9imited #ercantile ,xchange 6epal 9imited 2erivative and !ommodity ,xchange 6epal 9td. 6epal &pot ,xchange 9imited +ndian !ommodity ,xchange 9imited #ulti !ommodity ,xchange 6ational !ommodity and 2erivatives ,xchange 6ational #ulti0!ommodity ,xchange of +ndia 9td Ace 2erivatives 8 !ommodity ,xchange 9td. /hatinda Om 8 Oil ,xchange 9td. :niversal !ommodity ,xchange .akistan #ercantile ,xchange &hanghai 1utures ,xchange &hanghai 7old ,xchange &ingapore !ommodity ,xchange &ingapore #ercantile ,xchange :zbek !ommodity ,xchange $okyo !ommodity ,xchange $okyo 7rain ,xchange ;hengzhou !ommodity ,xchange <ietnam !ommodity ,xchange

'-#,x +#, +O/ -A6,3 !O#,6 (6&,9* (62,3* #,3 2!3 6&, +!,3 #!3 6!2,3 6#!, A!, /OO, :!3 .#,3

'ong -ong $ehran +ran

7old &ilver

+ndustrial and #ineral .roducts Oil /y0 products and .etrochemicals Agricultural -ish +sland +ran Oil 7as .etrochemicals Osaka 5apan 6epal #umbai +ndia -athmandu 6epal -athmandu 6epal -athmandu 6epal -athmandu 6epal +ndia +ndia +ndia +ndia +ndia +ndia +ndia .akistan Agricultural .recious #etals /ase #etals ,nergy Agricultural /ullion /ase #etals ,nergy Agricultural /ullion /ase #etals ,nergy Agricultural /ullion ,nergy .recious #etals /ase #etals Agricultural .recious #etals /ase #etals ,nergy Agricultural .recious #etals /ase #etals ,nergy Agricultural .recious #etals /ase #etals Agricultural Agricultural Agricultural Agricultural ,nergy .recious #etals Agricultural 7old &ilver

.recious #etals Agricultural .roducts !rude Oil +nterest 4ate 1uture +ndustrial metals 7old .etrochemicals &hanghai !hina 4ubber &hanghai !hina .recious #etals &ingapore &ingapore $ashkent :zbekistan $okyo 5apan $okyo 5apan Agricultural 4ubber .recious #etals /ase #etals Agricultural ,nergy #etals crude oil products chemicals base oils 9.7 and polyethylene sugar agricultural etc. ,nergy .recious #etals +ndustrial #etals Agricultural Agricultural

&+!O# &#3 :;,3 $O!O# $7, !;!, <63

;hengzhou !hina Agricultural .$A 'o !hi #inh city !offee 4ubber &teel <ietnam

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Europe
Exchange A.30,62,3 $rieste !ommodity ,xchange !ommodity ,xchange /ratislava 5&! !limex 6=&, 9iffe Location Amsterdam A.30,62,3 6etherlands /#$& !,/ !9+#,3 9+11, $rieste +taly /ratislava &lovakia Amsterdam 6etherlands ,urope ,urope Abbreviation Product Types ,nergy Agricultural ,missions Agricultural 2iamonds ,missions Agricultural ,missions 1ounded in )>?@ merged into ,uronext in @AA@ Life Time

,uropean !limate ,!3 ,xchange ,nergy ,xchange Austria ,3AA +ntegrated 6ano0&cience +6&!3 8 !ommodity ,xchange 9ondon !ommodity 9!, ,xchange 9ondon #etal ,xchange 9#, ,uropean ,nergy ,,3 ,xchange 2eutsche /CrseD,urex 2/A7D,:4,3

<ienna Austria ,nergy ,missions :nited -ingdom 6anomaterials 9ondon :9ondon :9eipzig 2eutschland 1rankfurt 2eutschland Agricultural +ndustrial #etals .lastics .ower 6atural 7as ,missions !oal Agricultural #etals ,$!s !ommodities +ndex #erged into 9+11, in )>>B