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AmericasBMFAgricultural, Biofuels, Energy, Financial Derivatives

Brazilian Mercantile and Futures Exchange

São Paulo, Brazil

Abbreviation

BMF

Location

São Paulo, Brazil

Region

Americas

Group

B3

Product Types

Agricultural, Biofuels, Energy, Financial Derivatives

About Brazilian Mercantile and Futures Exchange

The Brazilian Mercantile and Futures Exchange (BM&F) was one of the world's largest derivatives exchanges, founded in São Paulo in 1983. In 2008, BM&F merged with the São Paulo Stock Exchange (Bovespa) to form BM&FBOVESPA. In 2017, it merged again with CETIP to create B3 (Brasil, Bolsa, Balcão) — now Latin America's largest financial exchange group by market capitalisation. B3 continues to operate commodity derivatives including sugar, arabica coffee, live cattle, ethanol, and gold contracts.

More Exchanges in Americas

Winnipeg Commodity Exchange

WCE · Winnipeg, Manitoba, Canada

The Winnipeg Commodity Exchange (WCE), founded in 1887, was Canada's primary agricultural futures exchange, serving as the world's leading market for canola futures and other Canadian crops including oats, flaxseed, and domestic feed wheat. In 2007, WCE was acquired by Intercontinental Exchange (ICE) and renamed ICE Futures Canada in 2008. Canola futures, the exchange's flagship contract, continue to be one of the most actively traded agricultural derivatives globally under ICE.

Memphis Cotton Exchange

— · Memphis, United States

The Memphis Cotton Exchange, founded in 1873 in Memphis, Tennessee, was a historic spot market for cotton pricing, grading, and trading in the American South. As one of the world's largest cotton-handling cities, Memphis became a natural hub for cotton commerce. The Exchange provided standardised grading and price reporting services for the US cotton industry for over a century, though trading activity and formal exchange functions have significantly diminished as futures markets and ICE took over price-discovery roles.

Amercanex

— · Denver, United States

Amercanex is a US-based cannabis commodity exchange headquartered in Denver, Colorado, designed to facilitate transparent wholesale trading of legal cannabis products between licensed growers, processors, and dispensaries. As one of the world's first regulated cannabis commodity exchanges, Amercanex aims to standardise pricing and improve supply-chain efficiency across state-legal cannabis markets.

HedgeStreet Exchange

— · San Mateo, California, United States

HedgeStreet Exchange was a CFTC-regulated US derivatives exchange founded in 2004, offering small-denomination binary contracts (starting at $10) on economic events including crude oil prices, gold, natural gas, and macroeconomic indicators. Designed to democratise derivatives access for retail traders, HedgeStreet was one of the first exchanges to offer CFTC-regulated retail binary options on commodity prices. In 2008, the exchange was acquired and eventually rebranded as Cantor Exchange (part of Cantor Fitzgerald), which subsequently ceased operations.