Intermediaries
Commodity trading advisors, futures commission merchants, and open-outcry trading-floor terms in futures markets.
Futures exchanges, designated contract markets, intermediaries, open-outcry history, and commodity-market venue terms.
Futures exchanges, venues, and intermediaries explain where futures trade, who stands between customers and the exchange, and which rulebook controls execution, clearing, margin, delivery, and market integrity. A futures term is not decision-ready until the exact exchange, contract, broker role, clearing path, and settlement rule are known.
Use U.S. Futures and Commodity Exchanges for CME, COMEX, NYMEX, the Merc, and historical U.S. exchange names. Use Global Futures and Commodity Exchanges for non-U.S. venue terms such as NCDEX. Use Futures Intermediaries and Open Outcry for futures commission merchants, commodity trading advisors, floor trading, and open-outcry history.
Public starting points include the CFTC list of designated contract markets and CME Group’s page for its designated contract markets. For any trade or hedge, verify the contract specification and rulebook before relying on a venue label.
Choose a subsection first. Deeper term pages live inside each subsection, which keeps large topic hubs readable.
Commodity trading advisors, futures commission merchants, and open-outcry trading-floor terms in futures markets.
Non-U.S. futures and commodity exchange terms used in derivatives, commodity, and market-structure analysis.
CME, COMEX, NYMEX, Merc, New York Cotton Exchange, and related U.S. futures venue terms.