Kathmandu, Nepal
Abbreviation
COMEN
Location
Kathmandu, Nepal
Region
Asia
Product Types
Gold, Silver
Commodities & Metal Exchange Nepal Ltd. (COMEN) is a commodity exchange based in Kathmandu, Nepal, offering futures and spot contracts for precious metals including gold and silver. COMEN is one of several commodity derivatives exchanges operating in Nepal, providing price-discovery and hedging mechanisms for bullion traders in the Nepalese market. Nepal's gold and silver markets are closely linked to Indian pricing benchmarks, with significant demand from the jewellery sector.
Multi Commodity Exchange of India (MCX), founded in 2003 and headquartered in Mumbai, is India's largest commodity derivatives exchange and the world's 6th largest commodity futures exchange by contracts traded (FIA, 2024). MCX offers futures and options in precious metals (gold, silver), base metals (copper, aluminium, zinc, lead, nickel), and energy (crude oil, natural gas), providing essential price-discovery and hedging tools to India's producers, traders, and institutional participants. As of 2025, MCX counts 568 registered members with pan-India market access. Key 2025 milestones include the launch of India's first Electricity Futures Contract (July 2025), Nickel Futures (August 2025), and Options on the MCX BULLDEX® Metals Index (October 2025). Regulated by SEBI since 2015 following the merger of the Forward Markets Commission into SEBI, MCX operates under a robust regulatory framework ensuring market integrity and investor protection.
The Iran Mercantile Exchange (IME), established in 2007 through the merger of the Tehran Metal Exchange and the Agricultural Commodity Exchange of Iran, is Iran's primary regulated commodity exchange. IME trades physical and derivatives contracts for industrial and mineral products (steel, copper, aluminium, zinc, iron ore), oil by-products and petrochemicals, and agricultural commodities. Supervised by Iran's Securities and Exchange Organisation (SEO), IME serves as a key price-discovery mechanism for Iran's large mineral and manufacturing sectors.
Nepal Derivative Exchange Limited (NDEX) is a commodity derivatives exchange based in Kathmandu, Nepal, offering futures contracts for agricultural commodities, precious metals (gold, silver), base metals, and energy products. NDEX is one of several licensed commodity exchanges in Nepal, providing domestic price-discovery tools for Nepalese traders and producers. The exchange operates under the regulatory oversight of Nepal's Department of Commerce.
The Dubai Mercantile Exchange (DME) is the Middle East's leading energy futures exchange, operating the Oman Crude Oil Futures Contract (OSP) and the Dubai Crude Oil futures contract. Established in 2007, DME provides price-discovery and hedging tools for Middle Eastern and Asian crude oil producers and refiners, with the Oman contract serving as a key benchmark for Gulf crude oil pricing. DME is jointly owned by the CME Group, Oman Investment Fund, and various stakeholders.