Commodity market
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Commodity Market
A Commodity Market is a physical or virtual marketplace for buying, selling, and trading raw or primary products. There are currently about 50 major commodity markets worldwide that facilitate investment trade in nearly 100 primary commodities.
Pronunciation
Commodity Market: /kəˈmɒdɪti ˈmɑːkɪt/
Etymology
The term "commodity" is derived from the Latin word "commoditas", meaning "suitability, convenience, advantage". The term "market" comes from the Latin "mercatus", which means trade, marketplace.
Related Terms
- Commodity: A basic good used in commerce that is interchangeable with other goods of the same type.
- Futures Contract: A legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future.
- Spot Market: A public financial market in which financial instruments or commodities are traded for immediate delivery.
- Derivative (finance): A financial security with a value that is reliant upon or derived from, an underlying asset or group of assets.
- Commodity Exchange Act: A federal act passed in 1936 by the U.S. Government that provides federal regulation of all commodities and futures trading activities.
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