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

Commodity

Could refer to any good, but in a trade context a commodity is usually a raw material or primary product that enters into international trade, such as metals (tin, manganese) or basic agricultural products (coffee, cocoa).


Commodity Credit Corporation

Commodity Credit Corporation

A US government-owned corporation established in 1933 to support prices through purchases of excess crops, to control supply through acreage reduction programs, and to devise export programs.


Intracommodity spread

Intracommodity spread

Used 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.


Commodity agreement

Commodity agreement

See international commodity agreement.


Commodity

Commodity

A commodity is food, metal, or another fixed physical substance that investors buy or sell, usually via futures contracts.


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