Mumbai, India
Abbreviation
ICEX
Location
Mumbai, India
Region
Asia
Product Types
Diamonds, Precious Metals, Agricultural, Base Metals
Indian Commodity Exchange Limited (ICEX), established around 2009 and headquartered in Mumbai, was India's first exchange to offer diamond futures contracts, a pioneering product in the global commodity derivatives space. ICEX also listed precious metals, agricultural, and base metals futures. The exchange operated under SEBI (Securities and Exchange Board of India) regulation. Following challenges with trading volumes and market development, SEBI cancelled ICEX's recognition as a national commodity exchange, and it subsequently ceased operations.
Bangla Mercantile Exchange is a commodity exchange in Bangladesh, offering derivatives and spot trading for agricultural commodities, precious metals, and energy products. Bangladesh's economy is primarily agrarian, with key commodity sectors including rice, jute, tea, and spices. The exchange aims to strengthen Bangladesh's commodity market infrastructure and provide price-discovery mechanisms for local producers and traders.
The Agricultural Futures Exchange of Thailand (AFET), established in 2003 and based in Bangkok, is Thailand's primary agricultural commodity futures exchange. AFET offers futures contracts for key Thai agricultural commodities including rubber (Technically Specified Rubber, TSR-20), white rice, and tapioca starch. Thailand is one of the world's largest rubber producers, and AFET's rubber futures contract serves as a regional pricing benchmark. The exchange is regulated by the Securities and Exchange Commission (SEC) of Thailand.
AirCarbon Exchange (ACX) is a Singapore-based digital carbon market and commodity exchange founded in 2019, specialising in voluntary carbon credits. ACX uses blockchain technology to tokenise and trade carbon credits from certified projects (VERRA, Gold Standard), enabling aviation, shipping, and industrial companies to offset their greenhouse gas emissions. As one of the first exchanges to bring digital infrastructure to voluntary carbon markets, ACX serves airlines, shipping companies, and corporations seeking to meet net-zero commitments. The exchange is regulated by the Abu Dhabi Global Market (ADGM) through its Abu Dhabi branch.
The Chamber of Commerce, Hapur (COC) is one of India's oldest grain and agricultural commodity trading institutions, based in Hapur, Uttar Pradesh — historically a major grain trading hub in North India. Hapur has been a traditional market centre for wheat, guar, and other agricultural produce for over a century. The Chamber of Commerce provides an organised trading infrastructure for local commodity markets, connecting farmers, traders, and processors in the broader Uttar Pradesh agricultural economy.