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A commodity broker is a firm or an individual who executes orders to buy or sell commodity contracts on behalf of the clients and charges them a commission. A firm or individual who trades for his own account is called a trader .
Commodity traders are people or companies who speculate and trade in commodities as diverse as metals and spices. Historical. Fuggers [1] Jacques Cœur [1]
Commodity Main exchange MIC Contract size Symbol Corn: CBOT: XCBT: 5000 bu C/ZC (Electronic) Corn EURONEXT: 50 tons EMA Corn DCE: XDCE: 10 metric tons c Oats CBOT: XCBT: 5000 bu O/ZO (Electronic) Rough Rice CBOT: XCBT: 2000 cwt: ZR Soybeans CBOT: XCBT: 5000 bu: S/ZS (Electronic) No 2. Soybean DCE XDCE: 10 metric tons b Rapeseed: EURONEXT 50 ...
Sucden (Sucres et Denrées) [1] is a French-based commodity broker of soft commodities and other financial products headquartered in Paris.The firm started as a sugar broker and is now amongst the world leaders with a market share of around 15% in volume (as of 2016), or 9.5 million tonnes.
The first major electronic alternative was the Instinet, a machine that could bypass the trading floor and handle one another on a personal basis. The use of electronic mediums to conduct tasks done by floor traders has increased throughout the years, however there are many exchanges in the United States such as the NYSE that prefer to use the open outcry method that involves verbal communication.
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