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commodity exchange |
Also found in: Dictionary/thesaurus, Financial, Wikipedia | 0.01 sec. |
commodity exchangeOrganized market for the purchase and sale of enforceable contracts to deliver a commodity (such as wheat, gold, or cotton) or a financial instrument (such as U.S. treasury bills) at some future date. Such contracts are known as futures and are bought and sold in a competitive auction process on commodity exchanges (also called futures markets). The largest futures and futures-options exchange is the Chicago Board of Trade. |
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| Opening in early 2003, The Ethical Exchange Management Company, based in London, will be the first international commodities exchange in the world devoted entirely to organic goods. An e-commerce commodities exchange has launched a rather unique advertisement--an ad painted across a 380-foot hull of a ship. Money changes everything - it even makes a man out of the snob and a commodities ace out of the bum, a comic fact proven at the commodities exchange during the holiday season. |
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