There are at least a dozen major exchanges that act as a market for goods worldwide. Each of these specialize in certain products, while others trade in whole different sets. The following is a brief history of these exchanges:
1) The Chicago Board of Trade (CBOT): This exchange of goods was established in 1848. Trade in agricultural and financial contracts. Originally, this exchange-traded agricultural commodities like wheat, soybeans and wheat. Now thisfutures contracts and options on a variety of products such as silver, gold, energy and bonds of the United States. In recent years, the CBOT added features of electronic commerce, which differs significantly from the pre-auction open market. 10/18/2005 The Chicago Board of Trade offered an IPO on the NYSE. Those under the symbol BOT.
2) Chicago Mercantile Exchange (CME): Another of the major exchanges in Chicago as well. This,commonly known as CME in the industry for more than a hundred years. The main products traded here live and feeder cattle, hogs, pork bellies, wood, milk, butter and dung. Now serves a market of equity indices, interest rates, currencies and single-stock futures. One of the tools rather unique weather derivatives traded. futures contracts to speculate on time, anywhere in the world at different times of the year.
3) New YorkMercantile Exchange (NYMEX): Moving from Chicago to a new financial center in New York, we NYMEX. This is one of the oldest trade in the United States. And 'specializing in petroleum and metal. Between these two specialties is a wide range of possibilities.
4) New York Board of Trade (NYBOT): Verses in New York City, the NYBOT. It was founded as the first exchange of goods in the country. This trade cocoa, coffee, sugar, frozen orangejuice, cotton, as well as many other agricultural products. This special provision also of the currency pairs as well.
5) Other: Outside the U.S., there are few large barter of goods as a young, dynamic and TOCOM in London and Japan, respectively.
As you can see, the commodity exchanges in easily accessible worldwide. Not only trade in goods that specialize in certain types of trades, there are those who act with a wide range of products. Thisexchange could act in all the policies, stupid. I hope this review has piqued your interest in the world of commodities trading.