SIC Code 6231-03 - Commodity Exchanges
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SIC Code 6231-03 Description (6-Digit)
Commodity exchanges are platforms where various commodities such as agricultural products, metals, energy, and financial instruments are traded. These exchanges provide a centralized marketplace for buyers and sellers to trade standardized contracts for commodities. The prices of these contracts are determined by the forces of supply and demand in the market. Commodity exchanges play a crucial role in the global economy by providing a means for producers and consumers to manage price risk and ensure a stable supply of commodities.
Hierarchy Navigation for SIC 6-Digit Code 6231-03
Parent Code (less specific)
Tools
- Futures contracts
- Options contracts
- Spot contracts
- Clearinghouses
- Margin accounts
- Trading platforms
- Price indices
- Market data feeds
- Risk management software
- Commodity trading advisors
Industry Examples of Commodity Exchanges
- Agricultural products (e.g. wheat, corn, soybeans)
- Metals (e.g. gold, silver, copper)
- Energy (e.g. crude oil, natural gas)
- Livestock (e.g. cattle, hogs)
- Financial instruments (e.g. currencies, interest rates)
SIC Code 6231-03 - Commodity Exchanges
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