List of commodities exchanges
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.
Major commodity exchanges
Rank | Year | Commodity Exchange | Short name | Region | Market Cap (USD billion) |
---|---|---|---|---|---|
1 | 2018 | Chicago Mercantile Exchange | CME | Chicago | |
2 | 2018 | Tokyo Commodity Exchange | TOCOM | Tokyo | |
3 | 2018 | London Metal Exchange | LME | London |
Commodities exchanges across the world
Main commodity exchanges worldwide:
Africa
Name | Abbreviation | City | Commodity types |
---|---|---|---|
Ghana Commodity Exchange[1] | GCX | Accra, Ghana | Agricultural |
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 |
Mercantile Exchange of Madagascar[2] | MEX | Antananarivo, Madagascar | Agricultural, Metals, Energy |
East Africa Exchange[3] | EAX | Kigali, Rwanda | Agricultural |
Agricultural Commodity Exchange for Africa[4] | ACE | Lilongwe, Malawi | Agricultural |
Auction Holding Commodity Exchange[5] | AHCX | Lilongwe, Malawi | Agricultural |
Bourse Africa (previously GBOT)[6][7] | Ebene City, Mauritius | Metals, Forex | |
South African Futures Exchange (part of JSE Limited) | JSE | Sandton, South Africa | Agricultural |
Nigeria Commodity Exchange | NCX | Abuja, Nigeria | Agricultural products |
Lagos Commodities and Futures Exchange | LCFE | Lagos, Nigeria | Agricultural products, Oil and Gas, Currency, Solid Minerals |
AFEX Commodities Exchange Limited[8] | AFEX Nigeria | Abuja, Nigeria | Agricultural products |
Zimbabwe Mercantile Exchange | ZMX | Harare, Zimbabwe | Agricultural commodities |
Americas
Asia
Name | Abbreviation | 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 |
International Commodity Exchange Kazakhstan | Almaty Kazakhstan | Industrial and Mineral Products, Oil by-products and petrochemicals, Agricultural | |
Agricultural Futures Exchange of Thailand[9] | 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 |
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 |
ICE Futures Abu Dhabi | IFAD | Abu Dhabi | Murban oil futures |
Indonesia Commodity and Derivatives Exchange | ICDX | Jakarta, Indonesia | Agricultural, 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 |
İzmir Commodity Exchange | ICE | Izmir, Turkey | Agricultural |
Jakarta Futures Exchange[10] | JFX | Jakarta, Indonesia | Cocoa, Coffee, Precious Metals, Olein, CPO, Coal, Tea, Rubber |
Osaka Exchange (Japan Exchange Group) | XOSE | Osaka, Japan | Financials, Precious Metals, Rubber, Agricultural[11] |
Osaka Dojima Exchange | XKAC | Osaka, Japan | Agricultural, Raw sugar, Precious metals[12] |
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 |
Derivative and Commodity Exchange Nepal Ltd. | DCX | Kathmandu, Nepal | Agricultural, Bullion, Base Metals, Energy |
MEX Nepal | 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 www.icexindia.com |
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, Energy, Interest rate futures, currencies, Metals |
Shanghai Futures Exchange | SHFE | Shanghai, China | Industrial metals, Gold, Petrochemicals, Rubber, Base metals |
Shanghai International Energy Exchange | INE | Shanghai, China | Energy, rubber, metal |
Shanghai Gold Exchange | Shanghai, China | Precious Metals | |
Singapore Commodity Exchange | SICOM | Singapore | Agricultural, Rubber |
Asia Pacific Exchange | APEX | Singapore | Financials, Agricultural, Energy |
ACX (AirCarbon Exchange)[13] | ACX | Singapore | Carbon offset |
Uzbek Commodity Exchange | UZEX | Tashkent, Uzbekistan | Metals, crude oil products, chemicals, base oils, LPG and polyethylene, sugar, agricultural, etc. |
Tokyo Commodity Exchange (Japan Exchange Group) | TOCOM | Tokyo, Japan | Energy[11] |
Zhengzhou Commodity Exchange | CZCE | Zhengzhou, China | Agricultural, PTA |
Mercantile Exchange of Vietnam | VNX | Hanoi, Vietnam | Coffee, Rubber, Steel |
Buon Ma Thuot Coffee Exchange Center | BCEC | Buon Ma Thuot, Vietnam | Coffee |
Mongolian Commodity Exchange | MCE | Ulaanbaatar city, Mongolia | There are 21 types of raw materials of 6 group commodities traded on the market:
"Cashmere, Wool, Livestock, Grain, Meat, Leather" |
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, 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 | EEX | Leipzig, Germany | Power, Natural Gas, Emissions, Coal | |
Energy Exchange Austria | EXAA | Vienna, Austria | Energy, Emissions | |
Commodities Investment Exchange[14] | 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[15] | Oslo, Norway | Power, Natural Gas, Emissions, Freight, Iron Ore | ||
Nord Pool Spot[16] | Oslo, Norway | Power, Energy | Acquired by Euronext in 2020 | |
Euronext | Europe | Agricultural | ||
London Metal Exchange | LME | London, UK | Industrial Metals, Plastics (Delisted in 2011) | |
Power Exchange Centra Europe[17] | PXE | Prague, Czech Republic | Power | |
Belarusian Universal Commodity Exchange | BUCE | Minsk, Belarus | Metals, Agricultural, Timber, Industrial and consumer goods | |
Saint-Petersburg International Mercantile Exchange[18] | SPIMEX | Moscow, Russia | Crude oil, Petrochemicals, Natural gas, Metals, Agricultural, Timber | |
Moscow Energy Exchange[19] | MOSENEX | Moscow, Russia | Energy | Closed since March 2017 |
Iberian Energy Exchange | OMIE-OMIP | Lisboa-Madrid, Portugal-Spain | Power, Energy |
Oceania
Exchange | Abbreviation | Location | Product Types |
---|---|---|---|
Australian Securities Exchange | ASX | Sydney, Australia | Agricultural, Energy, Interest Rate Future |
ABX Global | ABX | Brisbane, Australia | Precious Metals |
CBL Markets[20] | 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.
- "Who We Are | AFEX | Africa Exchange Holdings". Archived from the original on 2016-03-02.
- "AFET - Agricultural Futures Exchange of Thailand, the". Archived from the original on 2012-12-10. Retrieved 2013-04-22.
- Jakarta Futures Exchange (2018-06-15). "Market grows on where prices discovered". JFX. Retrieved 2018-07-23.
- "List of Products". Japan Exchange Group. Retrieved 2022-02-19.
- "Listed Commodities - ODEX - 堂島取引所 Osaka Dojima Exchange". ODEX - 堂島取引所 Osaka Dojima Exchange - 世界に伍する総合取引所への挑戦. 2022-12-02. Retrieved 2023-03-27.
- "AirCarbon Exchange". ACX.
- "COINVEX | the Commodities Investment Exchange - Energy investment, Oil investment, Mining investment". Archived from the original on 2014-11-19. Retrieved 2018-09-11.
- "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".