Mmodity trading in india has a long history


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Mmodity trading in india has a long history

  1. 1. mmodity trading in India has a long history. In fact, commodity trading in India started much before it started in many other countries. However, years of foreign rule, droughts and periods of scarcity and Government policies caused the commodity trading in India to diminish. Commodity trading was, however, restarted in India recently. Today, apart from numerous regional exchanges, India has four national commodity exchanges namely, Multi Commodity Exchange (MCX), National Commodity and Derivatives Exchange (NCDEX), National Multi- Commodity Exchange (NMCE) and Indian Commodity Exchange (ICEX). The regulatory body is Forward Markets Commission (FMC) which was set up in 1953. Useful resources/links Forward Markets Commission National Multi-Commodity Exchange Indian Commodity Exchange List of commodities exchanges From Wikipedia, the free encyclopedia Jump to: navigation, search This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (November 2007) 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.
  2. 2. 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] Contents [hide] 1 Commodities exchanges across the world o 1.1 Africa o 1.2 Americas o 1.3 Asia o 1.4 Europe o 1.5 Oceania 2 See also 3 References 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
  3. 3. (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 Asia[edit] Exchange Abbreviation Location Product Types International Almaty Industrial and Mineral Products, Oil
  4. 4. Commodity Exchange Kazakhstan Kazakhstan 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 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 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
  5. 5. 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
  6. 6. 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] Exchange Abbreviation Location Product Types Australian Securities Exchange ASX Sydney, Australia Agricultural, Energy ABX Global ABX Brisbane, Australia Precious Metals See also[edit] Commodity market Commodity trading in private electronic markets List of futures exchanges List of traded commodities References[edit] 1. ^ NFA. "Opportunities and Risk". information/publication-library/opportunity-and-risk-entire.pdf. Pg 75.
  7. 7. Retrieved from "" Categories: Commodities market Commerce Agricultural economics Mineral economics Commodity exchanges Hidden categories: Articles needing additional references from November 2007 All articles needing additional references Navigation menu Personal tools Create account Log in Namespaces Article Talk Variants Views Read Edit View history Actions Search Navigation Main page Contents
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