Osaka, Japan
Abbreviation
XKAC
Location
Osaka, Japan
Region
Asia
Product Types
Agricultural, Raw Sugar, Precious Metals, Coffee, Rubber
Osaka Dojima Exchange has its roots in the Dojima Rice Market, founded in 1697 in Osaka, which is considered the world's first commodity futures market. In its modern form, Osaka Dojima Exchange (rebranded from Osaka Dojima Commodity Exchange) trades futures and spot contracts for raw sugar, arabica coffee, rubber (RSS3, TSR20), precious metals (gold, silver), and agricultural products. Japan's Ministry of Economy, Trade and Industry (METI) regulates the exchange. Dojima's historical significance as the birthplace of futures trading makes it one of the most important institutions in global commodity market history.
National Multi-Commodity Exchange of India Ltd (NMCE), founded in 2002 and headquartered in Ahmedabad, was India's first demutualized national-level commodity futures exchange. NMCE offered futures contracts for precious metals, base metals, and agricultural commodities. Despite being a first-mover in India's commodity derivatives space, NMCE faced sustained challenges in liquidity and competition from MCX and NCDEX. SEBI cancelled NMCE's recognition as a national commodity exchange in 2018, effectively ending its operations.
The Bombay Stock Exchange (BSE), founded in 1875 as the Native Share & Stock Brokers Association, is Asia's oldest stock exchange and one of the world's largest by number of listed companies. While primarily an equity and debt exchange, BSE offers commodity derivatives including base metals, agricultural products, energy, and precious metals via BSE's commodity segment. BSE is headquartered in Mumbai's financial district and is regulated by SEBI. It lists over 5,500 companies and provides critical infrastructure for India's capital markets.
The Shanghai Futures Exchange (SHFE), established in 1999 through the merger of the Shanghai Metal Exchange, Shanghai Cereal and Oils Exchange, and Shanghai Commodity Exchange, is one of China's three principal commodity futures exchanges, regulated by the CSRC. By trading volume, SHFE consistently ranks among the world's largest exchanges for copper, zinc, rebar steel, and silver futures. Listed products include base metals (copper, aluminum, zinc, lead, nickel, tin), precious metals (gold, silver), energy (crude oil, fuel oil), and industrial materials (natural rubber, bitumen, rebar steel, wire rod, hot-rolled coil).
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.