Commodity Exchange Broker Commodity Exchange is an organized market for agriculture goods, especially grains. Commodity exchanges, also called boards of trade or commodity markets, provide a market for commodities (goods) in much the same way that stock exchanges do for stocks and bonds. The chief commodities bough and sold on exchanges include barley, corn, cotton, oats, soybeans, soybean meal, oil, and wheat.
A Commodity Exchange Broker is a person who retrieves quotes or prices by telephone, computer faxes or television and relays the order to the firms partner on the floor of the exchange.
Stock exchange grew out of a need for a convenient place to buy and sell. Until the early 1700's there was no stock exchanges, until this guy wanted to buy and sell shares of stocks. The man had to find a broker to transact his the business for him. They always went to a coffee house in London, because that's where all of them would meet.
A place in London at 1733 all the brokers formed a stock exchange, where the buyers and sellers could conduct all of the their business. In New York all the stockbrokers met under an old buttonwood tree on Wall Street. They all organized the "New Your Stock Exchange"ÃÂ in the year of 1792. Then all the other stock exchange grew up and today there are 24 American cities that have stock exchanges in them. The American stock exchange is the second largest in the United States. Some out of country stock exchanges are Dusseldorf, Paris, Milan, and Tokyo (The world Encyclopedia 706).
Commodity exchanges are voluntary associations. They are called organized markets because all commodity members have to follow this rule. All the businesses have contacts on the floor at certain times of the day the floor is were everybody...