Commodity exchange may refer to:
* Commodities exchange, any exchange where various commodities and derivatives products are traded.
* Commodity markets, for the markets trading on commodities in general.
A commodities exchange is an exchange where various commodities and derivatives products are traded. Most commodity markets across the world trade in agricultural products and other raw materials (like wheat, barley, sugar, maize, cotton, cocoa, coffee, milk products, pork bellies, oil, metals, etc.) and contracts based on them. These contracts can include spot prices, forwards, futures and options on futures. Other sophisticated products may include interest rates, environmental instruments, swaps, or ocean freight contracts.

Unique Features of national level commodity exchanges?

The unique features of national level commodity exchanges are:
* They are demutualized, meaning thereby that they are run professionally and there is separation of management from ownership. The independent management does not have any trading interest in the commodities dealt with on the exchange.
* They provide online platforms or screen based trading as distinct from the open outcry systems (ring trading) seen on conventional exchanges. This ensures transparency in operations as everyone has access to the same information.
* They allow trading in a number of commodities and are hence multi-commodity exchanges.
* They are national level exchanges which facilitate trading from anywhere in the country. This a corollary of being an online exchange.

Recommended Resources On Community Exchange

The Complete Guide To Investing In Commodity Trading And Futures: How To Earn High Rates Of Returns Safely
By:- Mary Holihan

How to Make Money Trading Derivatives
An Insider's Guide
Ashwani Gujral

Futures & Options
Introduction to Equity Derivatives
R. Mahajan

Useful Links

http://en.wikipedia.org/wiki/Commodities_exchange
http://www.commodityonline.com/learning_sub.php?id=7
http://www.appuonline.com/appu/commodity/exchange/index.html

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