Ethiopia Commodity Exchange (ECX) :
The Ethiopia Commodity Exchange (ECX) is a new initiative for Ethiopia and the first of its kind in Africa. The vision of ECX is to revolutionize Ethiopia’s tradition bound agriculture through creating a new marketplace that serves all market actors, from farmers to traders to processors to exporters to consumers. The ECX is a unique partnership of market actors, the Members of the Exchange, and its main promoter, the Government of Ethiopia. ECX represents the future of Ethiopia, bringing integrity, security, and efficiency to the market. ECX creates opportunities for unparalleled growth in the commodity sector and linked industries, such as transport and logistics, banking and financial services, and others. ECX assures all commodity market players the security they need in the market through providing a secure and reliable End-to-End system for handling, grading, and storing commodities, matching offers and bids for commodity transactions, and a risk-free payment and goods delivery system to settle transactions, while serving all fairly and efficiently. ECX creates trust and transparency through aggressive market data dissemination to all market actors, through clearly defined rules of trading, warehousing, payments and delivery and business conduct, and through an internal dispute settlement mechanism. ECX provides market integrity at three important levels: the integrity of the product itself, the integrity of the transaction, and the integrity of the market actors. The Ethiopia Commodity Exchange (ECX) commenced trading operations in April 2008. ECX has invited membership of the agricultural and trade industry.
Ethiopia Commodity Exchange Head Office
ECX Head Office Al-Sam Tower 2, 3rd Floor Lideta, Addis Ababa, Ethiopia Website: www.ecx.com.et Tel: + (251) 11 554 7001 Fax: + (251) 11 554 7010
Brazilian Mercantile and Futures Exchange (BMF)
BM&FBOVESPA S.A. - Securities, Commodities and Futures Exchange was created in 2008 with the integration between the Brazilian Mercantile & Futures Exchange (BM&F) and the São Paulo Stock Exchange (Bovespa).
Together, the companies have formed one of the largest exchanges in the world in terms of market value, the second largest in the Americas, and the leading exchange in Latin America .
In today's global scenario, in which responding quickly to transformation has become a competitive asset, BM&FBOVESPA is an attractive investment option with cost efficient trading fees.
Among its broad range of trading products, the new Exchange offers equities, securities, financial assets, indices, interest rates, agricultural commodities, and foreign exchange futures and spot contracts.
Bovespa Head Office
Praça Antonio Prado, 48- Centro São Paulo/SP - 01013-001
E-mail: firstname.lastname@example.org Tel: (55 11) 2565-4007
Fax: (55 11) 2565-5314
Chicago Board of Trade (CBOT)
The C Description:
Chicago Board of Trade (CBOT), established in 1848, is the world's oldest futures and options exchange. More than 50 different options and futures contracts are traded by over 3,600 CBOT members through open outcry and eTrading. Volumes at the exchange in 2003 were a record breaking 454 million contracts. On 12 July 2007, the CBOT merged with the CME under the CME Group holding company and ceased to exist as an independent entity.
CBOT Head Office
141 W Jackson Blvd (at LaSalle Street) Chicago, IL 60604
Tel: (312) 435-3590
Chicago Mercantile Exchange (CME)
CME Group Inc. (NASDAQ: CME) is the world’s largest futures exchange. CME Group was created July 12, 2007 from the merger between the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT). On March 17, 2008, it announced its acquisition of NYMEX Holdings, Inc., parent company of the New York Mercantile Exchange (NYMEX), which was formally completed on August 22, 2008.
Building on the merger and acquisitions of CME, CBOT and NYMEX, the CME Group serves the risk management needs of customers on a worldwide basis. The CME Group provides benchmark futures and options products available on any exchange, covering asset classes such as interest rates, equities, FX, commodities, and alternative investments including weather and real estate.
CME Head Office
141 W Jackson Blvd (at LaSalle Street) Chicago, IL 60604
Website: http http://www.cmegroup.com/
Tel: (312) 435-3590
Chicago Climate Exchange (CCX)
Chicago Climate Exchange (CCX) operates North America’s only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.
CCX Members are leaders in greenhouse gas (GHG) management and represent all sectors of the global economy, as well as public sector innovators. Reductions achieved through CCX are the only reductions made in North America through a legally binding compliance regime, providing independent, third party verification by the Financial Industry Regulatory Authority (FINRA, formerly NASD). The founder, Chairman and CEO of CCX is economist and financial innovator Dr. Richard L. Sandor, who was named a Hero of the Planet by Time Magazine in 2002 for founding CCX, and in 2007 as the "father of carbon trading."
CCX emitting Members make a voluntary but legally binding commitment to meet annual GHG emission reduction targets. Those who reduce below the targets have surplus allowances to sell or bank; those who emit above the targets comply by purchasing CCX Carbon Financial Instrument® (CFI®) contracts.
Chicago Climate Exchange Head Office
190 South LaSalle Street, Suite 1100 Chicago, Illinois 60603 USA
E-mail: email@example.com Tel: +01 (312) 554-3350 Fax: +01 (312) 554-3373
HedgeStreet is the first Internet-based government regulated (CFTC) event futures/derivatives exchange. The company operates the HedgeStreet Exchange, which launched in October 2004 and provides traders with a place where they can hedge against or speculate on economic events and price movements. The reasoning behind the creation of HedgeStreet was that with the rise of individual private investment in stocks, there might be a similar appetite for individuals to invest in derivatives. This focus on small investors created sufficient confusion that John Nafeh, founder of HedgeStreet, created the term "hedgelet" to help explain the company's business model.
HedgeStreet Exchange Head Office
311 South Wacker Drive Suite 2675 Chicago, IL 60606
Tel: 1877 77 NADEX
Intercontinental Exchange (ICE)
IntercontinentalExchange (NYSE: ICE) operates leading regulated exchanges, trading platforms and clearing houses serving the global markets for agricultural, credit, currency, emissions, energy and equity index markets. ICE Futures Europe trades half of the world's crude and refined oil futures. ICE Futures U.S. and ICE Futures Canada list agricultural, currency and Russell Index markets. ICE offers trade execution and processing for the credit derivatives markets through Creditex and clearing through ICE Trust and ICE Clear Europe. A component of the Russell 1000 and S&P 500 indexes, ICE serves customers in more than 50 countries and is headquartered in Atlanta, with offices in New York, London, Chicago, Winnipeg, Calgary, Houston and Singapore. www.theice.com
Tel: (212) 748 3949
Kansas City Board of Trade (KCBT)
The Kansas City Board of Trade was founded in 1856 by a group of Kansas City merchants. It served a function similar to a Chamber of Commerce. The Kansas City Board of Trade was formally chartered in 1876. Located on the northern border between Kansas and Missouri and the junction of two rivers, Kansas City is situated in one of the most productive wheat-growing regions of the world.
Early trading at the exchange was primarily in cash grains. Today, grain elevators, exporters, millers and producers use the exchange to protect their cash positions by buying or selling futures and options. Stock market investors also utilize KCBT products. Nonetheless, cash grain trading is still the core business of many of KCBT's members.
Throughout its development, the Kansas City Board of Trade has prided itself on its Midwestern heritage. Integrity and service are the cornerstones upon which the Board of Trade was founded, and they remain as important today as then.
Kansas City Board of trade Head Office
4800 Main Street, Suit 303
Kansas City, Missouri 64112
Phone: (816) 753 7500
Fax: (816) 753 3944
Memphis Cotton Exchange
The Memphis Cotton Exchange is located in downtown Memphis, Tennessee, USA, on the corner of Front Street and Union Avenue. It was founded in 1874 as a result of the growing cotton market in Memphis. Cotton merchants of the time became aware of the need for a trade organization to regulate cotton marketing in the city. They were also aware of the many benefits reaped by the New York Cotton Exchange and the New Orleans Cotton Exchange. Once established, the exchange produced rules and regulation on cotton trading and set standards for buying and pricing cotton in Memphis and the Mid-South.
Cotton trading was done on the first floor and only members of the exchange were allowed to trade there. In 1978 the trading floor was closed in favor of computer trading. The historic floor has since then been remodeled and is now home to The Cotton Museum and is used to educate the public about the industry and agriculture of cotton that helped build the city of Memphis in its early years.
Memphis Cotton Exchange Head Office
65 Union Ave Memphis, TN 38103-5196
Tel: (901) 525 3361
Mercado a Termino de Buenos Aires (MATba)
MATba is a business Co. which registers and guarantees futures and options transactions. MATba neither trades nor participates in price making; these functions are operators' exclusivity since they represent supply and demand. They interact with absolute transparency.A Futures Transaction is very important, because it allows demand and supply to adjust themselves in order to avoid sharp fluctuations in commodities prices such as grains, whose main features are: a seasonal supply and a permanent demand. In addition, MATba receives, processes and makes known all kind of local and international information about different variables which have influence on quoted commodities prices. MATba quotations are an important referential source for the taking of proper decisions. Transactions are performed in an open outcry at the PIT. The Pit is the place where operators meet in MATba trading-floor, being days and time fixed by the Board of Directors. All people, wishing to sell or buy, can do it spontaneously when prices are profitable. Therefore, any shareholder is able to accept an offer to buy or sell by simply out crying the word ANOTE (i.e."closed transaction"), being in this way the transaction concerted.
Phone: (054-11) 4311 4716 / 19
Minneapolis Grain Exchange (MGEX)
Since its inception in 1881, MGEX has been the principal market for hard red spring wheat (HRSW) – first as a cash market, then futures and options. Millers, exporters, elevators, farmers and speculators look to MGEX when they trade HRSW wheat – and with good reason. Known for its stable and reliable trading environment, MGEX has a reputation as a good place to do business. It offers the liquidity, the product line and the oversight to ensure fair and accurate trading for all its participants. MGEX offers index-based contracts in addition to our flagship hard red spring wheat contract. Index futures and options contracts are offered on hard red spring wheat (HRSI), hard red winter wheat (HRWI), soft red winter wheat (SRWI), corn (NCI) and soybeans (NSI). These indexes are calculated daily by DTN, an Omaha-based electronic commerce and information services company.
Minneapolis Grain Exchange Head Office
400 South 4th Street 130 Grain Exchange Building Minneapolis, MN 55415
Phone: (612) 321 7101
New York Mercantile Exchange (NYMEX)
The New York Mercantile Exchange, Inc., is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals. The Exchange has stood for market integrity and price transparency for more than 135 years. Transactions executed on the Exchange avoid the risk of counterparty default because the NYMEX clearinghouse acts as the counterparty to every trade. Trading is conducted in energy, metals, softs, and environmental commodity futures and options via the CME Globex® electronic trading system, open outcry, and NYMEX ClearPort®. NYMEX pioneered the development of energy futures and options contracts in 1978 as means of bringing price transparency and risk management to this vital market. We invite you to explore our site and learn more about NYMEX, our markets, and other information of public interest.
NYMEX Head Office World Financial Center One North End Ave New York, New York 10282 United States of America
Tel: (212) 299 2000
Bursa Malaysia (MDEX)
Bursa Malaysia is an exchange holding company approved under Section 15 of the Capital Markets andServices Act 2007. It operates a fully-integrated exchange, offering the complete range of exchange-related services including trading, clearing, settlement and depository services. The wholly-owned subsidiaries of Bursa Malaysia own and operate various businesses.
Bursa Malaysia today is one of the largest bourses in Asia with just under 1,000 listed companies offering a wide range of investment choices to the world. Companies are either listed on Bursa Malaysia Securities Berhad Main Market or ACE Market. In assisting the development of the Malaysian capital market and enhancing global competitiveness, Bursa Malaysia is committed to maintaining an efficient, secure and active trading market for local and global investors.
Bursa Malaysia Head Office Lower Ground Floor Bukit Kewangan 50200 Kuala Lumpur
Tel: (603) 2732 0067
Fax: (603) 2732 5258
Central Japan Commodity Exchange
Com is a unique commodity futures exchange, the only one in Japan that is licensed both by the Ministry of Economy, Trade and Industry (METI) for industrial commodities and the Ministry of Agriculture, Forestry and Fisheries (MAFF) for agricultural commodities. This enables the Exchange to offer a wide variety of products from industrial materials to agricultural products. As a result of the acquisition of the Osaka Mercantile Exchange (OME) in 2007, C-Com offers futures contracts on a total of nine products including energy, ferrous and non-ferrous metals, rubber in addition to eggs. The Exchange thrives to assist a wide range of industries by providing tools they need to hedge against the risks of price fluctuations. C-Com’s products are all traded on the fully computerized “Trinity-X” trading system, an open system with add-on flexibilities. You could directly route orders from your own terminal with an ISV software or via internet under more efficient environments.
Central Japan Commodity Exchange Head Office
1-16-2 Marunouchi Naka-ku,
Nagoya, Aichi 460-0002
Dalian Commodity Exchange (DCE)
The Dalian Commodity Exchange, founded on February 28, 1993, is one of the four futures exchanges in China. As a self-regulated, non-profit organization, the DCE, by strictly enforcing government regulations and exchange rules, has steady grown since its establishment to become the biggest agricultural commodities futures trading center in the country.
Currently, the exchange's listed futures products are non-genetically modified soybean, or soybean No.1, genetically modified soybean, or soybean No.2, soybean meal, soybean oil, corn, LLDPE, RBD palm oil and malting barley. By the end of 2007, total trading volume since establishment reached 1.52 billion lots, total trading value were 39.7 trillion yuan, and total delivery amounted to 10.15 million metric tons. The exchange is now the world's second largest corn futures market.
In the recent years, the DCE has actively sought international cooperation and expansion. It is a member institution of both the U.S. Futures Industry Association and the U.K. Futures and Options Association. It has signed cooperation agreements with more than 10 overseas futures exchanges, Chicago Mercantile Exchange, to share information and jointly develop new markets.
For over 14 years, the DCE has provided a reliable marketplace for participants for price discovery and risk management. Its soybean and corn futures prices are the benchmarks of the domestic markets. It helps protect farmers' interests and facilitate the movement of agricultural products on the spot market, thereby contributing to China's agricultural market reform and the development of its market economy.
Looking ahead, the exchange aims to be an influential global commodities trading center by using its talented team to develop outstanding technology and services. In addition to strengthening its agricultural commodities trading, the exchange also plans to build its competitiveness by introducing non-agricultural products.
With the establishment of a stable and healthy market, the exchange set a set of guiding principals that can be summarized in this mission statement: "one goal, two changes and three orientations".
"One goal" is we will build the DCE into a fully functional market that contributes to the nation's economic development, and sets prices with global influences, making new leaps with our first-class talents, first-class management, first-class technology and first-class services. The "two changes" are: changing from an agricultural commodity exchange to a comprehensive futures exchange; changing from a regional market to a national and international one. The "three orientations" are: by orienting us towards the world, towards the future, and towards the market, we will improve our service capability, innovation capability and competition capability, and lift DCE to new heights.
Dailan Commodity Exchange Head Office
No.18 Huizhan Road,
Dubai Mercantile Exchange (DME)
The DME is the premier international energy futures and commodities exchange in the Middle East, providing a financially secure, well-regulated and transparent trading environment. The Exchange has developed and trades the DME Oman Crude Oil Futures Contract, addressing the growing market need for price discovery of sour crude oil destined for East of Suez markets. The DME is a fully electronic exchange, and its contracts are listed on CME Globex.
Dubai Mercantile Exchange Head Office
P.O. Box 66500 Building 2
Tel: +971 4 365 5500
Fax: +971 4 365 5599
Dubai Gold & Commodities Exchange (DGCX)
Dubai has historically been an international hub for the physical trade of not only gold, but also many other commodities and so the establishment of the Dubai Gold & Commodities Exchange (DGCX) was the next logical step for the region and the local economy. DGCX commenced trading in November 2005 as the regions first commodity derivatives exchange and has become today, the leading derivatives exchange in the Middle East , providing the right products, at the right price and the right time.
DGCX is an initiative of the Dubai Multi Commodities Centre (DMCC), Financial Technologies (India) Limited and the Multi Commodity Exchange of India Limited (MCX). The Management team of DGCX comprises senior personnel from the commodities, securities and financial services industries bringing a wealth of experience and expertise to ensure the success of DGCX. DGCX offers the unique advantage of being located in the Middle East, one of the world’s largest areas of financial liquidity. Dubai is one of the world’s fastest growing business centers, with over 400 international institutions from around the globe and US $160 billion high net worth investment business. It is also the world’s third largest re-exporter and grew on average by over 13.4% per year between 2000 and 2005. Dubai offers a strong, stable government and a balanced, world class regulatory framework. With a zero tax environment and free trade zones offering 100% ownership, it has become the entry point for much of the Middle East’s liquidity and trade activity.
Dubai Gold & Commodities Exchange Head Office
Emaar Business Park, Bldg No. 2, Level 1 Sheikh Zayed Road (Near Interchange 5) P.O. Box 37736, Dubai, United Arab Emirates
Tel: +9714 361 1616
Fax: +9714 361 1617
Iranian Oil Bourse (IOB)
The Iranian Oil Bourse, International Oil Bourse, Iran Petroleum Exchange or Oil Bourse in Kish (IOB; the official English language name is unclear) is a commodity exchange which opened on February 17, 2008,. It was created by cooperation between Iranian ministries and other state and private institutions. The IOB is intended as an oil bourse for petroleum, petrochemicals and gas in various currencies, primarily the euro and Iranian rial and a basket of other major currencies. The geographical location is at the Persian Gulf island of Kish which is designated by Iran as a free trade zone.
Information not available
Kansai Commodities Exchange (KANEX)
In 1950, the Commodity Exchange Law was introduced and commodity exchanges were established one after another. The Osaka Grain Exchange, precursor of the Kansai Commodities Exchange, was established in 1952. Aiming to rebuild the Dojima Rice Market from the prewar days, the Osaka Grain Exchange listed cereals after the deregulation of starch and legumes in 1951, and hoped to also list rice someday. During the remarkable changes in the domestic and foreign situation over the next 40 years, the Osaka Grain Exchange functioned to smoothly carry out commodity distribution, by implementing fair price formation and hedging risks for price fluctuation. However, in order to strengthen its managerial base, improve social trust, and activate the Kansai economic bloc within a changing international economic environment, the Osaka Grain Exchange, Osaka Sugar Exchange and Kobe Grain Exchange merged into the Kansai Agricultural Commodities Exchange in October 1993. Furthermore this new Exchange merged with the Kobe Raw Silk Exchange in April 1997, and changed its name to the Kansai Commodities Exchange (KEX). KEX continued to be based in Osaka, the birthplace of Japan’s first commodity exchange. Thereafter we endeavored to list new commodities, and listed Corn 75 Index on Japan’s first agricultural products and feed index market in 1998. Subsequently, KEX listed NON-GMO soybean in 2000, Coffee Index in 2001 and Frozen Shrimp on Japan’s first marine product market in 2002. Finally KEX merged with the Fukuoka Futures Exchange on December 2006, and aims to establish a new rice market listing Koshihikari and Kirara 397 in the new future.
This Commodity Exchange is a non-profit corporation with a membership system. Members must be traders working in industries related to the sales, manufacturing, processing, etc., of commodities on the commodity exchange, and must meet the legally defined qualifications requirements. The members include FCMs (Future Commission Merchants) approved by the Minister of Agriculture, Forestry and Fisheries in accordance with the prescribed standards. The FCMs, in addition to conducting their own transactions, may conduct consigned transactions from the general public, that is, they may conduct consignment-based business. Since the commodity exchange has a membership system, its supreme decision-making organization is the General Meeting of the Members. The operation of daily business is conducted by the Board of Directors, which serves as the executive body. The Chairman and Directors are selected by the General Meeting of the Members. The executive body establishes standing committees, special committees, etc., to serve as the consultative bodies for daily business. The members of these committees are selected by the Board of Directors from the directors, the members, and persons of experience or academic standing, and are then assigned and commissioned by the Chairman of the Board. The organization as a whole, including the Secretariat, works to execute orderly and systematic market operations business, to provide guidance, supervision and other types of management to the members, and persons conducting commodities transactions, to develop and promote commodities, and to plan advertisement and enlightenment about these commodities.
Kansai Commodities Exchange Head Office
Tel: +81 6 6531 7931
Fax: +81 6 6541 9343
Nepal Derivative Exchange Limited (NDEX)
Agriculture has always been the backbone of Nepal’s economy. Yet, lifting millions of Nepalese out of poverty requires a transformation from centuries-old subsistence agriculture to dynamic, technology-driven, market-oriented production. This can only happen if the market itself functions in such a way as to serve the needs of all concerned.
Nepal’s marketing system, like its agriculture, is based on age-old tradition. To date, agricultural markets have been characterized by high costs and high risks of transacting, forcing much of Nepal into global isolation. With only one third of output reaching the market, commodity buyers and sellers tend to trade only with those they know, to avoid the risk of being cheated or default. Trade is done on the basis of visual inspection because there is no assurance of product quality or quantity, which drives up marketing costs, leading to high consumer prices. For their part, small-scale farmers, who produce 95 percent of Nepal’s output, come to market with little information and are at the mercy of merchants in the nearest and only market they know, unable to negotiate better prices or reduce their market risk. It is time for a marketing system that coordinates better, that links faster, that protects the interests of both sides of the trade. It is time for a marketing system that is transparent, efficient, and innovative. It is time for a marketing system that will take Nepal agriculture into the new Millennium. Nepal, once a commercial trading hub in antiquity linking markets of East and West, can again claim a place in the global market arena.
The NDEX design is unique in that it integrates the entire "eco-system" related to the market, spanning the central trading system, warehouse delivery centers, product grade certification, clearing banks, an arbitration tribunal, a market information system linking rural sites, remote electronic trading centers, and a secure data center to manage membership and market information. An over-arching legal framework and a government regulatory agency ensure the viability of this entire integrated environment. This integration enables a country such as Nepal, where none of the individual components may exist as stand-alone institutions, to mutually support and reinforce the NDEX market objectives.
In terms of actors, NDEX Members and their associates are required to be registered with a national association of commodity professionals, which offers training and skills enhancement and maintains licensing and other professional standards. Thus, the NDEX design is based on partnership between the state regulatory body, the Exchange as a self-regulatory organization, and the national association of actors. With this integrated approach, the NDEX environment thus offers outstanding value to all market players, in Nepal as well as to its global trading partners.
Nepal Derivatives Exchange Head Office
Tel: + 977 01 4469999/4462438
Fax: +977 01 4432597
Mercantile Exchange Nepal Limited (MEX)
A Futures Exchange shall work in line of interest of growers, merchandiser, exporter-importer, industrialist, investors and end users. These are known as market factors. MEX believes to serve the market factors. While serving the market factors MEX follows a globally accepted and tested norms and ethics. These are our functions 1) Mechanism of effective price discovery 2) Mechanism of Price Risk Management 3) Technology Backed Marketplace for Investment 4) Facilitation of Physical trade with quality assurance 5) Mechanism for structured Finance 6) Dedication to Market Development.
Mercantile Exchange Nepal Head Office Krishna Tower, 3rd Floor New Baneshwor, Kathmandu Website:www.mexnepal.com E-Mail:firstname.lastname@example.org Tel: +977 1 4785121/122 fax: +977 1 4785158
Multi Commodity Exchange of India (MCX)
Headquartered in the financial capital of India, Mumbai, Multi Commodity Exchange of India Ltd (www.mcxindia.com) is a demutualised nationwide electronic commodity futures exchange set up by Financial Technologies (India) Ltd. with permanent recognition from Government of India for facilitating online trading, clearing & settlement operations for futures market across the country. The exchange started operations in November 2003. MCX has achieved three ISO certifications including ISO 9001:2000 for quality management, ISO 27001:2005 - for information security management systems and ISO 14001:2004 for environment management systems. MCX offers futures trading in more than 50 commodities from various market segments including bullion, energy, ferrous and non-ferrous metals, oil and oil seeds, cereal, pulses, plantation, spices, plastic and fibre. The exchange strives to be at the forefront of developments in the commodities futures industry and has forged strategic alliances with various leading International Exchanges, including Tokyo Commodity Exchange, Chicago Climate Exchange, London Metal Exchange, New York Mercantile Exchange, New York Board of Trade, Bursa Malaysia Derivatives, Berhad and others.
Multi Commodity Exchange of India Head Office
Exchange Square, Suren Road, Andheri East, Mumbai – 400093, India.
Email: email@example.com Tel: 022 6731 8888 Fax: 022 6649 4151
National Multi-Commodity Exchange of India Ltd (NMCE)
NMCE facilitates electronic derivatives trading through robust and tested trading platform, Derivative Trading Settlement System (DTSS), provided by CMC.
When an order is placed on the exchange, the server at NMCE scans through the orders posted on it from all its trading terminals. It then locates and matches the best counter-offers/bids by maintaining anonymity of the counter-parties. Anonymity helps is eliminating formation of cartels and other unfair practices, thereby protecting the efficiency of price-discovery at the Exchange. NMCE was the first commodity exchange to provide trading facility through internet, through Virtual Private Network (VPN).
NMCE follows best international risk management practices. The contracts are marked to market on daily basis. The system of upfront margining based on Value at Risk is followed to ensure financial security of the market. In the event of high volatility in the prices, special intra-day clearing and settlement is held. NMCE has also set up a Trade Guarantee Fund. Well-capitalized in-house clearinghouse assumes counter-party risk of settlement. NMCE was the first to initiate process of dematerialization and electronic transfer of warehoused commodity stocks. The unique strength of NMCE is its settlements via a Delivery Backed System, an imperative in the commodity trading business. These deliveries are executed through a sound and reliable Warehouse Receipt System, leading to guaranteed clearing and settlement.
National Multi Commodity Exchange of India Head Office
4th Floor H. K. House B/h Jivabhai Chambers,
Ashram Road Ahmedabad,
Gujarat - 380 009 INDIA
Tel: 91 79 40086000/39/40
Fax: 91 79 26582759
National Commodity Exchange Limited (NCDEX)
National Commodity & Derivatives Exchange Limited (NCDEX) is a professionally managed on-line multicommodity exchange. The shareholders are : Promoter shareholders: Life Insurance Corporation of India (LIC), National Bank for Agriculture and Rural Development (NABARD) and National Stock Exchange of India Limited (NSE) . Other shareholders: Canara Bank, CRISIL Limited (formerly the Credit Rating Information Services of India Limited), Goldman Sachs, Intercontinental Exchange (ICE), Indian Farmers Fertiliser Cooperative Limited (IFFCO) and Punjab National Bank (PNB). NCDEX is the only commodity exchange in the country promoted by national level institutions. This unique parentage enables it to offer a bouquet of benefits, which are currently in short supply in the commodity markets. The institutional promoters and shareholders of NCDEX are prominent players in their respective fields and bring with them institutional building experience, trust, nationwide reach, technology and risk management skills. NCDEX is a public limited company incorporated on April 23, 2003 under the Companies Act, 1956. It obtained its Certificate for Commencement of Business on May 9, 2003. It commenced its operations on December 15, 2003. NCDEX is a nation-level, technology driven de-mutualised on-line commodity exchange with an independent Board of Directors and professional management - both not having any vested interest in commodity markets. It is committed to provide a world-class commodity exchange platform for market participants to trade in a wide spectrum of commodity derivatives driven by best global practices, professionalism and transparency. NCDEX is regulated by Forward Markets Commission. NCDEX is subjected to various laws of the land like the Forward Contracts (Regulation) Act, Companies Act, Stamp Act, Contract Act and various other legislations. NCDEX is located in Mumbai and offers facilities to its members about 550 centers throughout India. The reach will gradually be expanded to more centers.
National Commodity Exchange Limited
Akruti Corporate Park,1st Floor, Near G.E.Garden , L.B.S. Marg, Kanjurmarg (West), Mumbai - 400 078.
Tel : +91 22 66406789 Fax : +91 22 66406899
Bhatinda Om & Oil Exchange Ltd. (BOOE)
The Bathinda Om & Oil Exchange is an approved Commoidty Excahnge from Forwards Markets Commision, Government of India.
1815,New Basti,Gali No. 6, Nai basti Broker's Park,Ist Floor, Bhatinda-151001 Punjab,India
E-Mail: firstname.lastname@example.org Tel: 0164 2238077 Fax: 0164 2252914
The Karachi Stock Exchange or KSE is a stock exchange located in Karachi, Sindh, Pakistan. Founded in 1947, it is Pakistan's largest and oldest stock exchange, with many Pakistani as well as overseas listings. Its current premises are situated on Stock Exchange Road, in the heart of Karachi's Business District.
Karachi Stock Exchange is the biggest and most liquid exchange in Pakistan. It was declared the “Best Performing Stock Market of the World for the year 2002”. As of May 30, 2008, 654 companies were listed with a market capitalization of Rs. 3,746.203 billion (US$ 56.334 billion) having listed capital of Rs. 705.873 billion (US$ 10.615 billion). The KSE 100TM Index closed at 12130.51 on May 30, 2008.
The exchange has pre-market sessions from 09:15am to 09:30am and normal trading sessions from 09:30am to 03:30pm. It is the second oldest stock exchange in South Asia. The karachi stock exchange has undergone a considerable deal of downturn partly due to global financial crisis and partly on account of domestic troubles. It remained suspended in excess of 4 months and resumed normal trading only on December 15,2008. The KSE 100 Index and KSE 30 Index after hitting the low around mid january has now rebounced and recovered 20-25% till March 12th 2009.
Karachi Exchange Head Office
Stock Exchange Building, Stock Exchange Road, Karachi-74000. Pakistan
Tel: 92 21 111 001122
Fax: 92 21 241 0825
Shanghai Futures Exchange
The Shanghai Futures Exchange (SHFE) was formed from the amalgamation of the Shanghai Metal Exchange, Shanghai Foodstuffs Commodity Exchange, and the Shanghai Commodity Exchange in December 1999. It is a non-profit-seeking incorporated body regulated by the China Securities Regulatory Commission.
The trading floor is located in Lujiazui, in the Pudong district of Shanghai. It currently trades futures contracts in copper, aluminum, zinc, natural rubber, fuel oil, and gold.
Shanghai Futures Exchange Head Office
00 PuDian Road,
Shanghai, China 200122
Tel: 86 21 68400000
Fax: 86 21 68401198
Singapore Commodity Exchange (SICOM)
Established in 1992, Singapore Commodity Exchange (SICOM) provides a highly trusted and efficient marketplace for commodity futures trading and clearing in Singapore. As a supervisory body, SICOM has a robust and market-oriented regulatory framework and adheres to high regulatory standards aligned to the interest of our stakeholders. SICOM oversees the supervision of its Members on rule compliance and maintain surveillance on all trading activities. It also administers the process of the physical delivery of exchange-traded rubber contracts and is the arbitration centre for the resolution of trade disputes. SICOM traces its roots back to the 1920s when rubber futures were first traded in Singapore. Clearing facilities for the futures transactions were then provided by the Singapore International Chamber of Commerce Rubber Association (SICCRA). This function was subsequently taken over by the Rubber Association of Singapore (RAS), which was privatized in 1992 as the RAS Commodity Exchange (RASCE). In February 1994, it was renamed Singapore Commodity Exchange (SICOM) to better reflect its mission to be a broad-based commodity exchange. As an established trading and commodity hub, Singapore boasts an open economy, a thriving port, a business-friendly environment, a strong regulatory framework, and an excellent communication infrastructure. Geographically situated among the region’s largest producers and consumers, Singapore is the ideal place to provide a neutral stand for fair market practice.Positioned as the premier commodity exchange, SICOM serves as the pricing benchmark for regional and global rubber producers, traders and consumers. SICOM offers market participants the trading of two rubber futures contracts, the RSS3 (Ribbed Smoked Sheet) and TSR20 (Technically Specified Rubber), on its electronic platform, e-SICOM. Trading through e-SICOM, a fully integrated clearing and settlement system that is scalable and reliable, participants conveniently gain access to greater transparency, price discovery and liquidity in the market. SICOM has established a global footprint, boasting more than 120 corporate and individual members who trade through the Exchange. Member companies include renowned tyre manufacturers who use SICOM for their hedging needs: Goodyear, Bridgestone, Michelin (SMPT), Hankook, Pirelli and Continental. In serving the marketplace, SICOM is a recognized leader and provides a strong foundation in market integrity, financial security and fair trade execution for all transactions. SICOM protects the financial integrity of the market by serving as the counterparty to every trade, thus, eliminating credit risk. In doing so, SICOM provides a reliable marketplace to participants for price discovery and risk management. SICOM formulates and enforces by-laws of its trading contract terms and acts as the arbitration centre for settlement of disputes. SICOM also provides facilities for cooperation in all matters affecting trades and to safeguard the interests of its members. SICOM strictly abides by the codes of standards and disclosures regulated by the Monetary Authority of Singapore (MAS). Integrity in trading and financial practices is assured and safeguarded through the Exchange membership criteria and trading rules.
SICOM offers a diverse category of memberships that includes Clearing, Non-Clearing, Remote Non-Clearing, Trade and Associate Members. SICOM continues to expand its membership base and welcome partners with a keen interest to develop the commodity industry in Asia and to tap into the resources available to them in the world’s largest rubber market.
Singapore Commodity Exchange Head Office
111 North Bridge Road
#23-04/05 Peninsula Plaza
Tel: 65 6578 8080
Fax: 65 6338 9640
Tokyo Commodity Exchange (TOCOM)
February, 1951 was the founding date of the Tokyo Textile Exchange, the surviving exchange after its merger with the Tokyo Rubber Exchange and the Tokyo Gold Exchange into the Tokyo Commodity Exchange. Its business is to open and operate commodity markets necessary for dealing in futures of the commodities listed (precious metals, rubber, aluminum, oil) on the markets based on the Commodity Exchange Act.
Tokyo Commodity Exchange Head Office
0-7 Nihonbashi Horidomecho 1-Chome,
Chuo-ku, Tokyo 103-0012 Japan
Tel: 81 3 3664 0089
Tokyo Grain Exchange (TGE)
The Tokyo Grain Exchange (TGE) offers futures and options on soybeans, soybean meal, azuki beans, corn, coffee, raw silk, and refined and raw sugar. It also hosts a trading facility for some physical products. The exchange's products are offered in accordance with the Commodity Exchange Act. The TGE was the first Japanese exchange to convert completely to electronic trading.
The exchange's clearing operations are done through the Japan Commodity Clearing House. The TGE is a member of the Futures and Options Association in the United Kingdom.
Patsystems provides the majority of the Japanese electronic commodity exchanges, (including the TGE), with its session-based trading technology.
Tokyo Grain Exchange head Office:
1-12-5 Nihonbashi Kakigara-cho, Chuo-ku Tokyo 103-0014 JAPAN
Tel: 813 3668 9311
Zhengzhou Commodity Exchange (CZCE)
The Zhengzhou Commodity Exchange (ZCE), the first experimental futures market approved by the State Council, was established on October 12, 1990. It introduced futures trading on May 28, 1993, two years after the successful operation of cash forward contract trading. In August 1998, the ZCE was confirmed by the State Council as one of the three futures exchanges in China and regulated by China Securities Regulatory Commission (CSRC).
As a non-profit and self-regulated legal entity, ZCE adopts membership system and provides a marketplace with associated facilities and services for futures trading. ZCE's transparent and efficient market structure, coupled with its secure, speedy, easy access, flexible electronic trading platform, information release system and membership service system, allows ZCE to provide Chinese market participants with guarantee of direct access to its futures market.
At present, wheat (including strong gluten wheat and hard white wheat), cotton, white sugar, pure terephthalic acid, rapeseed oil, early long-grain nonglutinous rice and green bean futures contracts are traded on ZCE.
While enlivening the listed products, ZCE will accelerate the researches on new products, and finally ZCE will become an integrated and modernized futures marketplace on the basis of establishing an agricultural product trading center, price center and information center after committing itself to list energy, raw material and industrial products, and all kinds of index.
Zhengzhou Commodity Exchange Head Office
No.69 Weilai road,
Zhengzhou, China 450008
Tel: 86371 65610069
Commodity Exchange Bratislava, JSC (CEB)
Commodity exchange Bratislava was found under license of Ministry of Economy of the Slovak Republic in 1992. CEB is the only commodity exchange in Slovakia. Its purpose is to organize market and to ensure secure payment and delivery. In 2009 CEB has transformed to Joint stock company.CEB is the first exchange in the World that started nonstop trading with zero time delivery.
Organization structure of Commodity Exchange Bratislava has gone through 17 years of its existence several stages. Current state is the result of rationalization of work processes.
Highest authority of CEB is general assembly. It consists of shareholders of the exchange. It has the authority to name members of the Exchange chamber.
Exchange chamber is statutory body of the exchange. It consists of 9 members. It adopts new exchange rules, sets fees and directs the Exchange.
President of the Exchange chamber directs the Exchange. It's statutory for the Exchange. In time of his unavailability is deputized by the vice president.
For daily operation is responsible General Secretary. He directs activities of the exchange mechanism, and all its employees, prepares papers for Exchange chamber, publish its results and maintain order on the exchange assembly.
Commodity Exchange Bratislava
Trnavská cesta 50/A 811 07 Bratislava
Tel: +421 2 52931011
Fax: +421 2 52931007
Climex started in the Netherlands in 2003 under the name New Values. New Values offered support in emission rights trading by offering a user-friendly and reliable online trading platform called Climex.
In 2005, New Values founded the Climex Alliance, comprised of regional partners all over Europe. The Climex Alliance included: 1) New Values (based in The Netherlands) 2) SENDECO2 (based in Spain) 3) Vertis Environmental Finance (trading as euets.com, based in Hungary) 4)STX Services (based in The Netherlands) 5) APX Power Limited (trading as APX Power UK, based in the UK) 6)APX B.V. (based in The Netherlands)
In 2008, the Climex Alliance partners merged to form Climex, a pan-European organization committed to providing a transparent marketplace for trading and auctioning environmental commodities and energy contracts. By creating a world-wide market, Climex facilitates the increase of trade, volume and liquidity, as well as more market transparency, which benefits all involved.
Climex Head Office Niasstraat 1 3531 WR Utrecht The Netherlands
Tel: +(31) 0 30 291 9940 Fax: +(31) 0 30 291 9833
In Europe, NYSE Liffe runs futures and options markets in Amsterdam, Brussels, Lisbon, London and Paris where every day approximately two trillion euros worth of derivatives business is traded by customers across the world.
We offer customers a broad choice of derivatives products on short-term interest rates, single stocks, indices, swaps, government bonds, commodities and currencies - all available to trade via our state-of-the-art electronic trading platform - LIFFE CONNECT®.
All market related information including news and notices, margin requirements, corporate actions, LIFFE CONNECT®, regulations, details of exchange holidays and trading hours.
London International Futures &Options Exchange Head Office
Cannon Bridge House 1 Cousin Lane London EC4R 3XX
Tel: + (44) 20 7623 0444
European Climate Exchange (ECX)
The European Climate Exchange (ECX) is the leading marketplace for trading carbon dioxide (CO2) emissions in Europe and internationally. ECX currently trades two types of carbon credits: EU allowances (EUAs) and Certified Emission Reductions (CERs). Trading on ECX began in April 2005, when futures contracts launched on European carbon dioxide emissions, known as EU Allowances, with options on EUAs following in October 2006. Futures and Options on CERs were introduced in 2008, further cementing ECX's position as the industry benchmark for carbon trading globally. In 2009, two new spot-like contracts were added, the EUA and CER Daily Futures contracts. ECX volumes are experiencing tremendous growth. 2008 volumes increased by 171% year on year with transactions in the global carbon market amounting to $118 billion (Source: New Carbon Finance)
ECX carbon contracts are listed for trading on ICE Futures Europe (the former International Petroleum Exchange). ECX and ICE Futures Europe have a partnership whereby ECX manages the product development and marketing of its emissions contracts and ICE lists those contracts on its electronic trading platform. All contracts are cleared by ICE Clear Europe, enjoy standardised terms and are regulated by the UK’s Financial Services Authority (FSA). Over 100 leading global businesses have signed up for membership to trade ECX emissions products. In addition, several thousand traders around the world have access to the ECX emissions market on ICE Futures Europe via banks and brokers. ECX is a member of the Climate Exchange Plc group of companies. Other member companies include the Chicago Climate Exchange (CCX) and the Chicago Climate Futures Exchange (CCFE). Climate Exchange Plc (CLE) is listed on the AIM market of the London Stock Exchange. ECX offices are located in London.
European Climate Exchange Head Office
62 Bishopsgate EC2N 4AW,
Tel: +(44) 020 7382 7807
London Metal Exchange (LME)
Established for over 130 years and located in the heart of The City of London, the London Metal Exchange is the world’s premier non-ferrous metals market. It offers futures and options contracts for aluminium, copper, nickel, tin, zinc and lead plus two regional aluminium alloy contracts. In 2005 the Exchange launched the world’s first futures contracts for plastics; for polypropylene and linear low density polyethylene, with the introduction of regional plastics contracts in 2007. In addition, it offers LMEminis, which are smaller-sized contracts for copper, aluminium and zinc plus an index contract (LMEX).
The Exchange provides a transparent forum for all trading activity and as a result helps to ‘discover’ what the price of material will be months and years ahead. This helps the physical industry to plan forward in a world subject to often severe and rapid price movements. Such is the liquidity at the Exchange that the prices ‘discovered’ at the LME are recognized and relied upon by industry throughout the world.
The LME is a highly liquid market and in 2007 achieved volumes of 93 million lots, equivalent to $9,500 billion annually and between $35-45 billion on an average business day. Despite its London location the LME is a global market with an international membership and with more than 95% of its business coming from overseas.
Being a principal-to-principal market, the only organizations able to trade are its member firms, of which there are various categories. LME members provide the physical industry with access to the market, to the risk management tools and to the delivery mechanism. Trading takes place across three trading platforms: through open-outcry trading in the ‘Ring’, through an inter-office telephone market and through LME Select, the Exchange’s electronic trading platform.
London Metal Exchange Head Office
56 Leadenhall Street, London, EC3A 2DX, UK
Tel: + (44) 020 7264 5555
Risk Management Exchange (RMX)
Risk Management Exchange (RMX) is a futures exchange based in Hannover, Germany. It was founded as the Warenterminbörse Hannover (Commodity Exchange Hannover, WTB) in 1998 by the German Farmers' Union and a group of financiers. It was Germany's first fully electronic commodity exchange. In December 2005 WTB and Dekrebo Kredit Börse merged and the new group was renamed RMX. As of January 2007, current agricultural commodities traded are hogs, piglets, potatoes, and wheat. The contract on brewing barley is suspended as of 30th of April 2008. Recyclable paper contracts are currently suspended (as of 2005). Rapeseed was traded in the past.
With the trading of agricultural commodity futures as well as the publication of indices on cash market prices, RMX Commodities offers the agricultural and food industries high values of benefit: 1)efficient risk and resource management 2) high market transparency at low information costs 3) fair market prices given high customer protection 4) and thus more flexibility and competitiveness. In sum, these utilities result in higher stability of the entire sector.
Beside these values of benefit in the areas of information improvement and risk management, RMX Commodities offers opportunity oriented investors the possibility to participate one-to-one in the price movements of the commodity futures traded.
Risk Management Exchange Head Office
RMX Risk Management Exchange AG Prinzenstraße 17 30159 Hannover
E-mail email@example.com Tel +(49) 0 511 / 3 01 59 - 0 Fax +(49) 0 511 / 3 01 59 - 30
European Energy Exchange (EEX)
The European Energy Exchange AG (EEX) is the leading energy exchange in Continental Europe and operates market platforms for trading in power, natural gas, CO2 emission allowances and coal. To this end, EEX relies on an open business model which generates higher flexibility, increased market coverage and bigger volumes through targeted spin-offs and partnerships. Through a systematic expansion of co-operations, EEX contributes decisively to the integration of the European energy markets. EEX holds 50% of the shares in the Paris-based EPEX Spot SE which operates short-term trading in power – the so-called Spot Market – for Germany, France, Austria and Switzerland. German and French power derivatives trading is concentrated within EEX Power Derivatives GmbH, a majority-owned EEX subsidiary with registered offices in Leipzig. Furthermore, EEX offers spot and derivatives trading in natural gas and CO2 emission rights as well as trading in financial coal futures. EEX Group also includes European Commodity Clearing AG (ECC), a clearing house which operates throughout Europe and whose range of services comprises clearing and settlement of exchange transactions concluded on EEX and its partner exchanges as well as OTC transactions.
European Energy Exchange Head Office
Tel: + (49) 341 2156 222
Fax + (49) 341 2156 229
Australian Securities Exchange (ASX)
Australian Securities Exchange (ASX) is the primary stock exchange in Australia. The ASX began as separate state-based exchanges established as early as 1861. Today trading is all-electronic and the exchange is a public company, listed on the exchange itself.
The Australian Securities Exchange as it is now known resulted from the merger of the Australian Stock Exchange and the Sydney Futures Exchange in December 2006.
The biggest stocks traded on the ASX, in terms of their market capitalization, include BHP Billiton, Commonwealth Bank of Australia, Telstra Corporation, Rio Tinto, National Australia Bank and Australia and New Zealand Banking Group. As at 31-Dec-2006 the three largest sectors by market cap were financial services (34%), commodities (20%) and listed property trusts (10%).
Australian Stock Exchange Head Office
20 Bridge Street, Sydney, NSW, 2000
Tel: + (61) 29338 0000