- an exchange for the buying and selling of futures contracts on commodities, as butter, coffee, sugar, and grains.[1930-35]
* * *Organized market for the purchase and sale of enforceable contracts to deliver a commodity (such as wheat, gold, or cotton) or a financial instrument (such as U.S. treasury bills) at some future date.Such contracts are known as futures and are bought and sold in a competitive auction process on commodity exchanges (also called futures markets). The largest futures and futures-options exchange is the Chicago Board of Trade.
* * *also called Futures Market, or Futures Exchange,organized market for the purchase and sale of enforceable contracts to deliver a commodity such as wheat, gold, or cotton or a financial instrument such as U.S. Treasury bills or Eurodollars at some future date. Such contracts are known as futures (q.v.) and are bought and sold by means of a competitive auction process on the commodity exchange. The financial instruments known as options and indexes are also traded on commodity exchanges. The largest commodity exchange is the Chicago Board of Trade. The seller of a futures contract on a commodity exchange does not normally intend to deliver the actual commodity, nor does the buyer intend to accept delivery; each will, at some time prior to the date of delivery specified in the contract, cancel out his obligation by an offsetting purchase or sale. The parties merely wish to engage in the assumption or delegation of the risk involved in a change in price.Commodity exchanges are thus ancillary to the markets in which commodities are actually bought and sold; commodity exchanges in effect provide insurance against the risk of price changes by transferring that risk to speculators who are willing to assume it. Commodity exchanges also provide a basis for the determination of prices at which commodities are actually traded.
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Commodity exchange — may refer to: Commodities exchange, any exchange where various commodities and derivatives products are traded. Commodity markets, for the markets trading on commodities in general. See also Commodity Exchange This disambiguation page lists… … Wikipedia
commodity exchange — An exchange that lists designated futures contracts for the trading of various types of derivative products and allows use of its facilities by traders. Must comply with rules set forth by the Commodity Futures Trading Commission ( CFTC). Chicago … Financial and business terms
commodity exchange — noun an exchange for buying and selling commodities for future delivery • Syn: ↑commodities exchange, ↑commodities market • Hypernyms: ↑exchange • Hyponyms: ↑futures exchange, ↑futures market, ↑ … Useful english dictionary
commodity exchange — Fin an exchange where futures are traded, for example, the commodity exchange for metals. Abbr. COMEX … The ultimate business dictionary
commodity exchange — commod′ity exchange n. bus an exchange for the buying and selling of futures contracts on commodities • Etymology: 1930–35 … From formal English to slang
commodity exchange — See commodity market … Big dictionary of business and management
commodity exchange — noun An organization operating under a set of bylaws aimed at promoting trade in one or more commodities by providing services and rules for the conduct of trade … Wiktionary
commodity exchange — /kə mɒdɪti ɪksˌtʃeɪndʒ/ noun a place where commodities are bought and sold … Marketing dictionary in english
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Commodity Exchange Bratislava — Commodity Exchange Bratislava, JSC Type Joint stock company Founded December 8, 1992 Headquarters Bratislava, Slovakia … Wikipedia