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London Commodity Exchange |
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London Commodity ExchangeFormerly known as London Fox (London Futures and Options Exchange), the exchange was renamed London Commodity Exchange and was a futures and options exchange, dealing in soft commodities including cocoa, sugar, coffee, wheat, barley, potatoes and dry cargo freight futures that is, BIFFEX (Baltic International Freight Futures Exchange). BIFFEX was merged with the then London Fox in 1991.On 16th September 1996 the LCE merged with the London International Financial Futures and Options Exchange (LIFFE) where trades of the merged company are guaranteed by the London Clearing House (LCH).Similar MatchesCommodity BundleCommodity BundleOne unit of the collection of the complete set of goods produced and sold in the world market. Commodity agreementCommodity agreementSee international commodity agreement. Commodity (commodities)Commodity (commodities)Basic raw materials and foodstuffs such as metals, petroleum, coffee, grain etc.Commodities are traded on a commodity exchange both by the companies that use them (e.g. chocolate manufacturers) and by speculators. Futures contracts allow commodity producers and commodity users to bring some predictability and stability to pricing. By buying futures contracts, they can hedge against underlying price changes in the commodity.In the USA the main ones are the Chicago Board of Trade, Chicago Mercantile Exchange, Kansas City Board of Trade and Mid America Commodity Exchange.In the UK, commodities are traded on the London Metal Exchange, the International Petroleum Exchange and The London International Financial Futures and Options Exchange which incorporates the London Commodity Exchange. Intracommodity spreadIntracommodity spreadUsed in the context of futures trading to refer to a trader holding, buying, and selling contracts in the same commodity on the same exchange, but for different months. London Commodity Exchange (LCE)London Commodity Exchange (LCE)Merged with the London International Financial Futures and Options Exchange in 1996. Further SuggestionsPrimary commodityCommodity indices Commodity Physical commodity Commodity Futures Trading Commission Commodity Tokyo Commodity Exchange (TOCOM) Commodity backed bond Commodity Credit Corporation Commodity Trading Advisor Commodity Research Bureau Commodity paper The Harmonized Commodity Description and Coding System Intercommodity spread Commodity pattern of trade Malaysia Commodity Exchange Commodity prices Export Commodity Control List Commodity Futures Trading Commission (CFTC) Commodity futures contract Commodity Trading Advisor Spot commodity Cash commodity |
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