Trading Exchanges . . .
Domestic Exchanges:
Chicago Board of Trade (CBT) )-United States
The Chicago Board of Trade (CBOT ® ), established in 1848, is a leading futures and options on futures exchange. More than 3,600 CBOT members trade 50 different futures and options products at the exchange through open auction and/or electronically. Volume at the exchange in 2003 was a record breaking 454 million contracts.
Chicago Mercantile Exchange (CME) )-United States
Chicago Mercantile Exchange Inc. is the largest futures exchange in the United States and the second largest exchange in the world for the trading of futures and options on futures. As a marketplace for global risk management, our exchange brings together buyers and sellers of derivatives products, which trade on our trading floors, on our GLOBEX® electronic trading platform and through privately negotiated transactions. Futures and options provide a way to protect against - and profit from - price changes in financial instruments and physical commodities. In addition, we own our own clearing house and are able to guarantee, clear and settle every contract traded through our exchange.
Coffee, Sugar and Cocoa Exchange (New York) (CSCE) )-United States
The NYBOT provides a global marketplace for agricultural, financial and index products including futures and options for Cocoa, Coffee, Cotton, Frozen Concentrated Orange Juice (FCOJ), Sugar, NYSE Composite Index ® , Russell 1000 Index ® , Russell 2000 ® ,Russell 3000 ® , Reuters CRB Index ® , US Dollar Index ® (USDX) and 29 currency pairs.
Commodity Exchange Inc. (New York) (COMEX) )-United States
The New York Mercantile Exchange, Inc., is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals. The Exchange has stood for market integrity and price transparency throughout its 132-year history. Transactions executed on the Exchange avoid the risk of counterparty default because the Exchange clearinghouse acts as the counterparty to every trade. Trading is conducted through two divisions, the NYMEX Division, home to the energy, platinum, and palladium markets; and the COMEX Division, on which all other metals trade. The wide array of trading markets provided by the Exchange include futures and options contracts for crude oil, gasoline, heating oil, natural gas, electricity, gold, silver, copper, aluminum, and platinum; futures contracts for coal, propane, and palladium; and options contracts on the price differentials between crude oil and gasoline, crude oil and heating oil, Brent and West Texas Intermediate crude oil, and various futures contract months (calendar spreads) for light, sweet crude; Brent crude; gasoline; heating oil; and natural gas.
Financial Instrument Exchange (at NYCE) (FINEX) )-United States
The NYBOT provides a global marketplace for agricultural, financial and index products including futures and options for Cocoa, Coffee, Cotton, Frozen Concentrated Orange Juice (FCOJ), Sugar, NYSE Composite Index ® , Russell 1000 Index ® , Russell 2000 ® ,Russell 3000 ® , Reuters CRB Index ® , US Dollar Index ® (USDX) and 29 currency pairs.
International Monetary Market (Division of CME) (IMM)-United States
The Financial Futures Market that is part of the Chicago Mercantile Exchange. The IMM provides a global marketplace for financial and index products of the CME including futures and options for the S&P 500, currency contracts and interest contracts.
Kansas City Board of Trade (KCBT) )-United States
The KCBOT provides a global marketplace for agricultural and index products that include futures and options for red winter wheat and the Value Line Index.
Minneapolis Grain Exchange (MGE) )-United States
Since 1881 the Minneapolis Grain Exchange has facilitated price discovery in the volatile commodities markets, providing a valuable risk management service to producers and consumers around the world. Futures and options contracts in hard red spring wheat , Hard Winter Wheat Index (HWI) , National Corn Index (NCI) and National Soybean Index (NSI) comprise the Exchange. The hard winter wheat, corn and soybean futures and options are financially settled against the spot Hard Winter Wheat Index, the National Corn Index and National Soybean Index, calculated by DTN.
New York Board of Trade (NYBOT)-United States
The NYBOT provides a global marketplace for agricultural, financial and index products including futures and options for Cocoa, Coffee, Cotton, Frozen Concentrated Orange Juice (FCOJ), Sugar, NYSE Composite Index ® , Russell 1000 Index ® , Russell 2000 ® ,Russell 3000 ® , Reuters CRB Index ® , US Dollar Index ® (USDX) and 29 currency pairs.
New York Cotton Exchange (NYCE) )-United States
The NYBOT provides a global marketplace for agricultural, financial and index products including futures and options for Cocoa, Coffee, Cotton, Frozen Concentrated Orange Juice (FCOJ), Sugar, NYSE Composite Index ® , Russell 1000 Index ® , Russell 2000 ® ,Russell 3000 ® , Reuters CRB Index ® , US Dollar Index ® (USDX) and 29 currency pairs.
New York Futures Exchange (NYFE) )-United States
A division of the NYBOT. The NYBOT provides a global marketplace for agricultural, financial and index products including futures and options for Cocoa, Coffee, Cotton, Frozen Concentrated Orange Juice (FCOJ), Sugar, NYSE Composite Index ® , Russell 1000 Index ® , Russell 2000 ® ,Russell 3000 ® , Reuters CRB Index ® , US Dollar Index ® (USDX) and 29 currency pairs.
New York Mercantile Exchange (NYMEX) )-United States
The New York Mercantile Exchange, Inc., is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals. The Exchange has stood for market integrity and price transparency throughout its 132-year history. Transactions executed on the Exchange avoid the risk of counterparty default because the Exchange clearinghouse acts as the counterparty to every trade. Trading is conducted through two divisions, the NYMEX Division, home to the energy, platinum, and palladium markets; and the COMEX Division, on which all other metals trade. The wide array of trading markets provided by the Exchange include futures and options contracts for crude oil, gasoline, heating oil, natural gas, electricity, gold, silver, copper, aluminum, and platinum; futures contracts for coal, propane, and palladium; and options contracts on the price differentials between crude oil and gasoline, crude oil and heating oil, Brent and West Texas Intermediate crude oil, and various futures.

Foreign Exchanges:
Bolsa de Mercadorias & Futuros (Sao Paulo) (BMF)-Brazil
On August 29, 2002, BM&F launched the Brazilian Commodities Exchange, which unites the commodity exchanges of Goiás, Mato Grosso do Sul, Minas Gerais, Rio Grande do Sul and Uberlândia. BM&F renders clearing and settlement services to the new exchange. The aim is to create an integrated domestic market for agricultural commodities with modern price discovery mechanisms and an organized marketing structure. The Brazilian Commodities Exchange started trading on October 22, 2002 .
Deutsche Terminbourse (DTB)-Germany
Formerly the DTB, now known as the Eurex is the world's largest futures and options exchange and is jointly operated by Deutsche Börse AG and SWX Swiss Exchange. The Exchange is the market place of choice for trading and clearing of derivatives. Eurex has been a pioneer in electronic trading of derivative products for more than a decade, and it offers its customers open, democratic, simple, and cost-effective access from any point around the globe. The trading participants are connected to the Eurex system via a communications network; at present, some 700 locations worldwide are connected to Eurex.
Germany's Option's and Futures Exchange (EUREX)-Germany
Eurex is the world's largest futures and options exchange and is jointly operated by Deutsche Börse AG and SWX Swiss Exchange. The Exchange is the market place of choice for trading and clearing of derivatives. Eurex has been a pioneer in electronic trading of derivative products for more than a decade, and it offers its customers open, democratic, simple, and cost-effective access from any point around the globe. The trading participants are connected to the Eurex system via a communications network; at present, some 700 locations worldwide are connected to Eurex.
Hong Kong Exchanges and Clearing Ltd. (HKE)-Hong Kong
The HKE and the HKFE have been merged into one unit. The HKE provides a global marketplace for financial and stock products including equity securities, derivative warrants, Exchange traded funds, Unit trusts, mutual funds, bonds and a new pilot program to trade U.S. securities.
The Hong Kong Futures Exchange Ltd. (HKFE)-Hong Kong
The HKE and the HKFE have been merged into one unit. The HKFE provides a global marketplace for financial and index products including futures and options for Dow Jones, Hang Seng Index, H-shares Index, Single Stock futures, HIBOR interest rate futures and 3 year exchange fund notes.
International Petroleum Exchange of London Ltd. (IPE)-United Kingdom
The International Petroleum Exchange of London Limited is a recognized Investment Exchange. It is Europe 's leading energy futures and options exchange. The IPE provides a highly regulated marketplace where industry participants use futures and options to minimise their price exposure in the physical energy market. Over $2 billion daily in underlying value is traded on the IPE. The IPE provides a global marketplace for energy products including futures and options for Brent crude oil, gas oil and natural gas.
Long Bulk Metals Market (now LME) (LBM)-United Kingdom
See London Metals Exchange
London Commodity Exchange (was FOX) (LCE)- United Kingdom
Now part of the Euronext. The LCE arm of EURONEXT formally the FOX. Euronext N.V. is the world's first cross border exchange business. It provides services for cash markets in Belgium , France , the Netherlands , and Portugal , and for derivatives in the UK . Euronext's services range from public offerings to trading facilities for cash instruments and derivatives. They also include clearing and netting, settlement through its partnership with Euroclear, IT solutions, and market data.
London International Financial Futures Exchange Ltd (LIFFE)- United Kingdom
Now part of the Euronext. The London derivatives arm of EURONEXT formally the LIFFE. The LIFFE market offers the most extensive range of derivative products of any exchange in the world. The LIFFE market provides futures and options contracts across five different currencies and product lines: bonds, short term interest rates, swaps, equities and equity indices, and commodities.
London Metals Exchange (LME)- United Kingdom
The London Metal Exchange (LME) is the world's premier non-ferrous metals market, with highly liquid contracts. Today the Exchange trades in eight metals and one index comprising the six primary base metals. The LME's eight contracts are: copper grade A, primary aluminum, standard lead, primary nickel, tin, special high grade zinc, aluminum alloy and North American Special Aluminum Alloy (NASAAC).
Marche a Terme International de France (MATIF)-France
Marche a Terme International de France, the Paris futures exchange trading futures and options contracts over commodities and financial instruments . Now part of the Euronext system.
Montreal Exchange (MX/MSX) -Canada
The MX is Canada's premier derivatives exchange providing a global marketplace for Canadian financial and stock products including equity derivatives, interest rate derivatives, index derivatives and sponsored options.
Sydney Futures Exchange (SFE)-Australia
Sydney Futures Exchange Limited (SFE) is the 10th largest financial futures and options exchange in the world by volume turnover and the second largest in the Asia Pacific region. SFE provides futures and options on the four most actively traded markets - interest rates, equities, currencies and commodities, with a number of its flagship products ranked in the world's top ten most actively traded products in their market sector. With 24 hour a day trading capability, access to these products is made possible via a global electronic communications network and the world's leading futures brokers. Regardless of location, users can choose between direct electronic access, utilizing trading software from major Independent Software Vendor's (ISV's), broker proprietary systems, the Internet or traditional phone broking.
Shanghai Futures Exchange (SHFE)-Shanghai
Shanghai Futures Exchange (SHFE) is a self-regulated non-profit organization, providing the place, facilities and services for the centralized trading of futures contracts. At present, there are five contracts including copper, aluminum and natural rubber, while plywood and long-grained rice contracts are under modification. SHFE has about 219 members, of which, 183 are brokerage firms, and the rest are proprietary members.
Singapore International Monetary Exchange (SIMEX)-Singapore
Now part of the SGX, Singapore Exchange (SGX) is Asia-Pacific's first de-mutualised and integrated securities and derivatives exchange. SGX was inaugurated on 1 December 1999 , following the merger of two established and well-respected financial institutions - the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX).
Tokyo Commodity Exchange (formerly TOCOM) (TCE)-Japan
The TCE provides a global commodity marketplace for raw materials including futures for gold, silver, platinum, palladium, aluminum, gasoline, kerosene, crude oil, gas oil and rubber.
Toronto Futures Exchange (TFE) -Canada
A wholly owned subsidiary of the TORONTO STOCK EXCHANGE (TSE), trading Toronto 35 Index and TSE 100 Index futures, TSE 100 Index and Toronto 35 Index options, and Toronto 35 Index Participation (TIPs) options. Options are traded on the TSE. Trading is by open outcry.
Tokyo Grain Commodity Exchange (TGE)-Japan
One of the leading commodity futures exchanges in Asia, the Tokyo Grain Exchange is a non-profit membership organization presently trading corn, Non-GMO soybean, U.S. soybean, soybean meal, azuki (red bean), arabica coffee, robusta coffee and raw sugar futures. Options on corn, U.S. soybean and raw sugar futures are also being traded.
Tokyo International Financial Futures Exchange (TIFFE)-Japan
TIFFE stands for Tokyo International Financial Futures Exchange Inc.. TIFFE was established in April 1989 under the Financial Futures Trading Law of Japan. The purposes of TIFFE are to provide a financial futures market and conduct clearing services for its members and their customers. TIFFE has been constantly characterized as the youngest and more innovative exchange in Japan and has been making every effort to strengthen its status and role as a mother market for Euroyen futures and Yen-related interest-rate derivatives and to introduce cutting-edge technologies and systems. Screen-traded market for 3-month Euroyen futures and options, and futures on the 1-year Euroyen, 3-month Eurodollar and U.S. dollar/Japanese yen currency.
Winnipeg Commodity Exchange (WCE) -Canada
Winnipeg Commodity Exchange Inc. (WCE or the "Exchange") is Canada 's only agricultural futures and options exchange. Situated in the heart of the Canadian Prairies, the historic centre of North America 's grain trade, WCE operates under a mission to provide a public marketplace for responsive price discovery and risk transfer of commodities with efficiency and integrity. Contracts traded on WCE include futures contracts for canola, flaxseed, domestic feed wheat, and domestic feed barley. Options on canola, flaxseed, feed wheat and feed barley are also traded.

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