London Commodity Exchange

 

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London Commodity Exchange

Formerly 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 Matches

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.


Primary commodity

Primary commodity

Primary product


Cash commodity

Cash commodity

The actual physical commodity, as distinguished from a futures contract.


Commodity futures contract

Commodity futures contract

An agreement to buy a specific amount of a commodity at a specified price on a particular date in the future, allowing a producer to guarantee the price of a product or raw material used in production.


Commodity prices

Commodity prices

Usually means the prices of raw materials and primary products.


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