Manila, Philippines
Abbreviation
MCX
Location
Manila, Philippines
Region
Asia
Product Types
Base Metals, Agricultural, Energy, Currencies
The Manila Commodity Exchange (MCX) is a commodity and derivatives exchange based in Manila, Philippines, offering contracts across base metals, agricultural commodities, energy, and currencies. The Philippines is an emerging market for commodity derivatives with the exchange targeting regional Southeast Asian participants. MCX operates within the Philippine regulatory framework overseen by the Securities and Exchange Commission (SEC Philippines).
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.
Universal Commodity Exchange (UCX) is an Indian commodity exchange offering futures and derivatives contracts in agricultural commodities, energy products, and precious metals. UCX operates as one of India's smaller national commodity exchanges, providing an additional venue for commodity price discovery and hedging alongside the larger MCX and NCDEX exchanges. The exchange is regulated by SEBI (Securities and Exchange Board of India).
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.
The İzmir Commodity Exchange (İzmir Ticaret Borsası, İTB) is one of Turkey's oldest and most important commodity exchanges, established in 1891. Located in İzmir on the Aegean coast, the exchange is the primary trading venue for key Turkish agricultural exports including cotton, dried figs, dried apricots, raisins, and olive oil. İTB plays a central role in setting benchmark prices for Turkish agricultural produce, serving as a price-discovery centre for domestic and export markets.