Today commodity trading has become advanced with financial instruments such as futures contracts, derivatives, options, and swaps. The most common trading items all over the world are crude oil, gold, silver, copper, natural gas, and soybean.
The world's largest commodity exchange is in the US known as the Chicago Mercantile Exchange (CME). In India, there are six commodity exchanges, Multi Commodity Exchange (MCX), National Commodity and Derivative Exchange (NCDEX), National Multi Commodity Exchange (NMCE), and Indian Commodity Exchange (ICX). All the commodity exchanges in India are regulated by SEBI (Securities and Exchange Board of India).
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