Commodity trade
In the original and simplified sense, commodities were things of value, of uniform quality, that were produced in large quantities by many different producers; the items from each different producer were considered equivalent. On a commodity exchange, it is the underlying standard stated in the contract that defines the commodity, not any quality inherent in a specific producer's product. Commodities exchanges include: Bourse Africa (formerly GBOT) Bursa Malaysia Derivatives (MDEX) Chicago Board of Trade (CBOT) Chicago Mercantile Exchange (CME) Dalian Commodity Exchange (DCE) Euronext.liffe (LIFFE) Kansas City Board of Trade (KCBT) London Metal Exchange (LME) Marché à Terme International de France (MATIF) Mercantile Exchange Nepal Limited (MEX) Multi Commodity Exchange (MCX) National Commodity and Derivatives Exchange (NCDEX) National Commodity Exchange Limited (NCEL) New York Mercantile Exchange (NYMEX) Markets for trading commodities can be very efficient, particula
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