List of commodities exchanges
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A commodities exchange is an exchange, or market, where various commodities are traded. Most commodity markets around the world trade in agricultural products and other raw materials (like wheat, barley, sugar, maize, cotton, cocoa, coffee, milk products, pork bellies, oil, and metals). Trading includes and various types of derivatives contracts based on these commodities, such as forwards, futures and options, as well as spot trades (for immediate delivery).
A futures contract provides that an agreed quantity and quality of the commodity will be delivered at some agreed future date. A farmer raising corn can sell a futures contract on his corn, which will not be harvested for several months, and gets a guarantee of the price he will be paid when he delivers; a breakfast cereal producer buys the contract and gets a guarantee that 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 these contracts to try to make a profit; they provide liquidity to the system.
Some of these exchanges also trade financial derivatives, such as interest rate and foreign exchange futures, as well as other instruments such as ocean freight contracts and environmental instruments. In some cases these are mentioned in the lists below.
Commodities exchanges across the world[]
Main commodity exchanges worldwide:
Africa[]
Name | Abbreviation | City | Commodity types |
---|---|---|---|
[1] | GCX | Accra, Ghana | Agricultural |
AfMX | Nairobi, Kenya | Agricultural, Energy | |
Egyptian Commodities Exchange | EGYCOMEX | Cairo, Egypt | Agricultural, Energy |
NCE | Nairobi, Kenya | Coffee | |
Ethiopia Commodity Exchange | ECX | Addis Ababa, Ethiopia | Agricultural |
[2] | MEX | Antananarivo, Madagascar | Agricultural, Metals, Energy |
East Africa Exchange[3] | EAX | Kigali, Rwanda | Agricultural |
[4] | ACE | Lilongwe, Malawi | Agricultural |
[5] | AHCX | Lilongwe, Malawi | Agricultural |
(previously GBOT)[6][7] | Ebene City, Mauritius | Metals, Forex | |
South African Futures Exchange (part of JSE Limited) | JSE | Sandton, South Africa | Agricultural |
ASCE | Abuja, Nigeria | Agricultural products | |
LCFE | Lagos, Nigeria | Agricultural products, Oil and Gas, Currency, Solid Minerals | |
[8] | AFEX Nigeria | Abuja, Nigeria | Agricultural products |
Americas[]
Asia[]
Name | MIC | Location | Product Types |
---|---|---|---|
Bombay Stock Exchange | BSE | India | Base metal, agricultural, energy, precious metals |
Manila Commodity Exchange | MCX | Manila Philippines | Base metals, agricultural, energy, and currencies |
Almaty Kazakhstan | Industrial and Mineral Products, Oil by-products and petrochemicals, Agricultural | ||
[9] | AFET | Bangkok Thailand | Agricultural |
Bangla Mercantile Exchange | |||
Bursa Malaysia | MDEX | Malaysia | Biofuels |
CMEX | Phnom Penh, Cambodia | Energy, Industrial Metals, Rubber, Precious Metals, Agricultural | |
Chittagong Tea Auction | XCHG | Chittagong, Bangladesh | Tea |
Dalian Commodity Exchange | XDCE | Dalian, China | Agricultural, Plastics, Energy |
Dubai Mercantile Exchange | DUMX | Dubai | Energy |
Dubai Gold & Commodities Exchange | DGCX | Dubai | Precious Metals |
Hong Kong Mercantile Exchange | HKME | Hong Kong | Gold, Silver |
IFAD | Abu Dhabi | Murban oil futures | |
Indonesia Commodity and Derivatives Exchange | ICDX | Jakarta, Indonesia | Agricultural, Base Metals, Financial Products |
IRENEX | Tehran, Iran | All energy carriers such as crude oil, petroleum products, electricity, coal | |
Iran Mercantile Exchange | IMEX | Tehran, Iran | Industrial and Mineral Products, Oil by-products and Petrochemicals, Agricultural |
İzmir Commodity Exchange | ICE | Izmir, Turkey | Agricultural |
[10] | XBBJ | Jakarta, Indonesia | Cocoa, Coffee, Precious Metals, Olein, CPO[clarification needed], Coal, Tea, Rubber |
Osaka Exchange | XOSE | Osaka, Japan | Financials, Precious Metals, Rubber, Agricultural |
Osaka Dojima Commodity Exchange | XKAC | Osaka, Japan | Agricultural |
COMEN | Nepal | Gold, Silver | |
[NSEL] | Mumbai, India | ||
[NDEX] | Kathmandu, Nepal | Agricultural, Precious Metals, Base Metals, Energy | |
Derivative and Commodity Exchange Nepal Ltd. | DCX | Kathmandu, Nepal | Agricultural, Bullion, Base Metals, Energy |
MEX | Kathmandu, Nepal | Agricultural, Bullion, Base Metals, Energy | |
NSE | Kathmandu, Nepal | Agricultural, Bullion | |
ICXL | India | Energy, Precious Metals, Base Metals, Agricultural www.icexindia.com | |
Multi Commodity Exchange | XIMC | India | Precious Metals, Base Metals, Energy, Agricultural |
National Commodity and Derivatives Exchange | XNCD | India | Precious Metals, Base Metals, Energy, Agricultural |
NMCE | India | Precious Metals, Base Metals, Agricultural | |
COC | India | Agricultural | |
ACEX | India | Agricultural | |
BOOE | India | Agricultural | |
Universal Commodity Exchange | UCX | India | Agricultural, Energy, Precious Metals |
Pakistan Mercantile Exchange | PMEX | Pakistan | Precious Metals, Agricultural, Energy, Interest rate futures, currencies, Metals |
Shanghai Futures Exchange | XSGE | Shanghai, China | Industrial metals, Gold, Petrochemicals, Rubber, Base metals |
SGEX | Shanghai, China | Precious Metals | |
Singapore Commodity Exchange | XSCE | Singapore | Agricultural, Rubber |
Asia Pacific Exchange | APEX | Singapore | Financials, Agricultural, Energy |
AirCarbon Exchange[11] | ACX | Singapore | Carbon offset |
XCET | Tashkent, Uzbekistan | Metals, crude oil products, chemicals, base oils, LPG and polyethylene, sugar, agricultural, etc. | |
Tokyo Commodity Exchange | XTKT | Tokyo, Japan | Energy, Precious Metals, Industrial Metals, Agricultural |
Zhengzhou Commodity Exchange | XZCE | Zhengzhou, China | Agricultural, PTA |
VNX | Ho Chi Minh city, Vietnam | Coffee, Rubber, Steel | |
BCEC | Buon Ma Thuot, Vietnam | Coffee | |
MCE | Ulaanbaatar city, Mongolia | Agricultural |
Europe[]
Exchange | MIC | 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 | Amsterdam, Netherlands | Emissions | ||
Deutsche Börse/Eurex | XEUR | Frankfurt, Germany | 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 | XEEE | Leipzig, Germany | Power, Natural Gas, Emissions, Coal | |
Energy Exchange Austria | EXAA | Vienna, Austria | Energy, Emissions | |
Commodities Investment Exchange[12] | COINVEX | London, England | Oil & Gas, Mining, Renewable Energy | |
INSCX | United Kingdom | Nanomaterials | ||
London Commodity Exchange | IFEU | London, UK | Agricultural | Merged into LIFFE in 1996 |
Nasdaq Commodities[13] | NORX | Oslo, Norway | Power, Natural Gas, Emissions, Freight, Iron Ore | |
Nord Pool Spot[14] | Oslo, Norway | Power, Energy | Acquired by Euronext in 2020 | |
Euronext | Europe | Agricultural | ||
London Metal Exchange | XLME | London, UK | Industrial Metals, Plastics (Delisted in 2011) | |
[15] | XPXE | Prague, Czech Republic | Power | |
Belarusian Universal Commodity Exchange | BUCE | Minsk, Belarus | Metals, Agricultural, Timber, Industrial and consumer goods | |
Saint-Petersburg International Mercantile Exchange[16] | SPIMEX | Moscow, Russia | Crude oil, Petrochemicals, Natural gas, Metals, Agricultural, Timber | |
[17] | RPDX | Moscow, Russia | Energy | Closed since March 2017 |
OMIE-OMIP | Lisboa-Madrid, Portugal-Spain | Power, Energy |
Oceania[]
Exchange | MIC | Location | Product Types |
---|---|---|---|
Australian Securities Exchange | ASX | Sydney, Australia | Agricultural, Energy, Interest Rate Future |
ABX | Brisbane, Australia | Precious Metals | |
[18] | CBL | Sydney, Australia | Energy, Emissions, Environmental |
See also[]
- Commodity market
- Commodity trading in private electronic markets
- List of futures exchanges
- List of traded commodities
References[]
- ^ "Ghana Commodity Exchange".
- ^ "Madagascar Exchange – Commodity, Futures & Derivatives – Mex Madagascar". www.mexmadagascar.com.
- ^ "East Africa Exchange".
- ^ "AceAfrica".
- ^ "AHCX Malawi - AHL Commodity Exchange".
- ^ "Mauritian Exchange GBOT to Target Africa – Rebrands to BOURSE AFRICA". Finance Magnates. October 30, 2013.
- ^ "Bourse Africa". Archived from the original on 2017-12-14. Retrieved 2020-03-08.
- ^ http://afexnigeria.com/about-us/
- ^ "Archived copy". Archived from the original on 2012-12-10. Retrieved 2013-04-22.CS1 maint: archived copy as title (link)
- ^ Jakarta Futures Exchange (2018-06-15). "Market grows on where prices discovered". JFX. Retrieved 2018-07-23.
- ^ "AirCarbon Exchange". AirCarbon Exchange.
- ^ "Archived copy". Archived from the original on 2014-11-19. Retrieved 2018-09-11.CS1 maint: archived copy as title (link)
- ^ "Nasdaq Commodities". NASDAQOMX.com.
- ^ "Nord Pool Spot". nordpoolspot.com.
- ^ "POWER EXCHANGE CENTRAL EUROPE (PXE): About PXE".
- ^ "Saint-Petersburg International Mercantile Exchange: About".
- ^ "Moscow Energy Exchange: About".
- ^ "CBL Markets".
- Commodity exchanges
- Agricultural economics
- Mineral economics