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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 MatchesThe Harmonized Commodity Description and Coding SystemThe Harmonized Commodity Description and Coding SystemCommonly known as Harmonized System. It isa a classification system devised by the Customs Cooperation Council to provide uniformity in tariff classification, trade statistics, and transport documentation among cooperating countries. Commodity futures contractCommodity futures contractAn 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. Tokyo Commodity Exchange (TOCOM)Tokyo Commodity Exchange (TOCOM)Tokyo exchange for trading futures on gold, silver, platinum, palladium, rubber, cotton yarn, and woolen yarn. Commodity pricesCommodity pricesUsually means the prices of raw materials and primary products. 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. Further SuggestionsCommodity Research BureauPhysical commodity Primary commodity Commodity Futures Trading Commission (CFTC) Commodity London Commodity Exchange (LCE) Commodity agreement Commodity pattern of trade Commodity Futures Trading Commission Commodity backed bond Intercommodity spread Cash commodity Commodity Malaysia Commodity Exchange Export Commodity Control List Commodity Bundle Commodity paper Intracommodity spread Commodity indices Commodity Credit Corporation Spot commodity Commodity Trading Advisor Commodity Trading Advisor |
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