Trading Floor Commodities

Commodities are an important aspect of most american s daily life.

Trading floor commodities. The metal and mineral trading floor witnessed trading over 1 675 507 mt of commodities worth more than 944 million usd. What is the tokyo commodity exchange. The floor of the nymex is regulated by the commodity futures trading commission an independent agency of the united states government. The tokyo commodity exchange tocom is japan s largest commodity futures exchange.

Providing premium research of global stocks currencies commodities from an award winner 15 years analyst and trader. Therefore the exchange serves not only commodities traders in japan but also the rest of asia. Tocom trades more than 24 million contracts annually which represents 98 5 of japan s commodity futures. It can be defined as that segment of the market where the trading activities by the dealers in the financial instruments like equities debt derivatives bonds futures take place they take place in various exchanges including bombay.

Trading floor is a place where traders buy and sell fixed income securities shares commodities foreign exchange options etc. On this trading floor 1 573 982 mt of steel 28 615 mt of copper 600 mt of molybdenum concentrates 60 mt of precious metals concentrates 26 900 mt of zinc 33 850 mt of aluminum 5 000 mt of iron ore concentrates 6 500 mt of coke as well as 40 kg of gold bullion were. About half of all trading on tocom originates outside of japan. What is the trading floor.

Floor traders used to use the open outcry method in the pit of a commodity or stock exchange but now most of them use electronic trading systems and do not appear in the pit. Nymex s owner cme group of chicago says it will close down its new york commodities trading floor the last of its kind in a city once full of them after all but 0 3 per cent of its energy. The government proclamation that led to the creation of ecx states that the goal of the new exchange is. Get the latest commodity trading prices for oil gold silver copper and more on the u s.

History of the ethiopia commodity exchange. The prices quoted for transactions on the exchange are the basis for prices that people pay for various commodities throughout the world.