Futures exchange
In the original and simplified sense, commodities were things of value, of uniform quality, that were produced in large quantities by many different producers; the items from each different producer are considered equivalent. It is the contract and this underlying standard that define the commodity, not any quality inherent in the product.
Commodities exchanges include:
Chicago Board of Trade
Euronext.liffe
London Metal Exchange
New York Mercantile Exchange
Multi Commodity Exchange
Dalian Commodity Exchange
Markets for trading commodities can be very efficient, particularly if the division into pools matches demand segments. These markets will quickly respond to changes in supply and demand to find an equilibrium price and quantity. In addition, investors can gain passive exposure to the commodity markets through a commodity price index.in india www.mcxindia.com and www.ncdex.com