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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 backed bondCommodity backed bondA bond with interest payments tied to the price of an underlying commodity. Commodity Trading AdvisorCommodity Trading AdvisorIn the US, an individual or firm who directly or indirectly advises others about buying or selling futures or futures options. Analyses, reports, or newsletters concerning futures may be issued by a CTA. They may also engage in placing trades for other people's accounts. CTAs are required to be registered with the CFTC and to belong to the NFA. Intercommodity spreadIntercommodity spreadIn the commodities market, a spread consisting of a long position and a short position in different but related commodities for example, speculating that the price relationship between the two commodities will change, e.g., platinum and gold. The 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 (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 SuggestionsSpot commodityCommodity Primary commodity Intracommodity spread Cash commodity Commodity agreement Commodity Research Bureau Commodity Futures Trading Commission (CFTC) Commodity futures contract Commodity Futures Trading Commission Physical commodity Commodity Bundle Commodity paper Commodity Credit Corporation Malaysia Commodity Exchange Export Commodity Control List Commodity indices Commodity Trading Advisor Commodity prices Tokyo Commodity Exchange (TOCOM) London Commodity Exchange (LCE) Commodity Commodity pattern of trade |
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