Who are the people using the commodity exchange marketplace?
• Manufacturers, Producers, dealers, and processors use an exchange because it provides a fast, efficient, low cost marketing for commodities, worldwide price information; and a means to limit the risk of losing money due to price changes. • Investors uses an exchange to take make an attempt to profit from price changes in commodities or to protect themselves from losses caused by fluctuations in the value of certain kinds of investments. • Commodity exchange like a stock exchange, does not buy or sell anything, it only provide a place for members to use in buying and selling. • Trader – a person who buy and sell a commodity. Different colored jackets are worn by traders to indicate their functions (traders, runner, employees). • Broker – are members in the marketplace who represent the trader and in exchange receive a commission for their services. • Members – may also trade his own money. Each business day members gather on the trading floor of the exchange or the trading pit to make
Related Questions
- I have both a Commodity or Transportation Exchange user name and password AND a Milk Scheduling, Cheese Scheduling, or Milk Receiving & Tracking user name and password. Which one should I use?
- How would the Biomass Commodity Exchange help the biomass/bioenergy marketplace?
- Who are the people using the commodity exchange marketplace?
