Metals Trading Defined and Explained
There are multiple exchanges on which to trade metals depending on a trader’s location and specialty.
Metals trading takes many forms and some of the most popular metals are gold, silver, copper, platinum, and palladium.
The following is a list of commodity futures exchanges around the world:
Chicago Board of Trade (CBOT) – The CBOT is one of the oldest metals futures and options exchange in the world. Over 3000 members trade 48 different futures and options products at the exchange. Product offerings in the metals contracts include gold, silver, and copper.
- Commodity Exchange (COMEX) – The COMEX is a U.S. futures & options exchange for metals such as copper, gold, and silver. COMEX is a division of NYMEX.
- Dubai Gold & Commodities Exchange(DGCX) – The Dubai Gold Exchange was developed to facilitate the trade of gold. Metal trading on the DGCX takes place on an electronic trading platform.
- London Metal Exchange (LME) – The LME is one of Europe’s larger metals markets, with highly liquid trading. The LME is used as the international standard for metal commodity pricing of copper, silver and aluminum alloy.
- New York Mercantile Exchange (NYMEX) – NYMEX is the world’s largest physical commodity futures exchange for metals such as aluminum, copper, gold, palladium, platinum and silver. Metal quotes, metal charts, metal futures & options settlement prices are all available online on their site.
- Osaka Mercantile Exchange (OME) – A merger of Osaka Textile Exchange and The Kobe Rubber Exchange began the exchange in 1997. The exchange trades gold and other metals heavily.
- Shanghai Futures Exchange (SHME) – The SHME enables futures contracts trading for copper on a centralized trading floor.
- Shanghai Gold Exchange (SGE) – The SGE is China’s first gold exchange founded by the People’s Bank of China.
- Sydney Futures Exchange (SFE) – The SFE is the Australian based market for trading metals futures or options products including commodities, equities, interest rates and currencies.
- Tehran Metals Exchange (TME) – The TME is the first metals market in Iran and the first steel exchange worldwide.
- Tokyo Commodity Exchange (TOCOM) – The TOCOM Trades precious metals futures contracts for gold, silver, platinum and palladium products on this continuous computerized trading exchange.
Metals Trading Advice
The metals trading market is truly a global enterprise and those interested in a profitable investment strategy should do their research into the metals trading market and gain an understanding of the market drivers for metals before investing. VantagePoint software can help a trader understand the Intermarket influences in the metals market and get up to speed quickly.
Trading Metals with VantagePoint Software
Since 1991 VantagePoint Software has been applying Artificial Intelligence to forecast market trends with up to 87.4% accuracy. With more than 25,000 customers in 114 different countries, VantagePoint is the leading AI trading software for Futures.