What is the main function of commodity exchanges?
What is the role of a commodity exchange? Commodity exchanges play a crucial role in setting global benchmark prices for key commodities such as crude oil, gold, copper, etc. These exchanges are vital for both producers and consumers, providing a platform for price discovery, risk management and efficient trading. A commodities exchange is a marketplace where standardized contracts for raw materials like agricultural products, metals, and energy are traded. These exchanges provide a platform for producers, consumers, and investors to participate in the commodities market.Crude oil is the most traded commodity worldwide, dominating global trade in volume and value. It is the primary fuel source for transportation, industrial production, and electricity generation, making it an essential resource for economic growth.Types of Commodity Markets Commodities trade either in spot markets or financial commodity or derivatives markets. Spot markets are physical or “cash markets” where people and companies buy and sell physical commodities for immediate delivery. Derivatives markets involve forwards, futures, and options.The best commodities for trading include gold, crude oil and natural gas. Gold is a stable investment during market volatility, while crude oil is highly liquid and influenced by global demand. Natural gas offers opportunities due to its essential role in energy production.Purchasing mutual funds or ETFs that buy commodity futures is the easiest way for the average investor to gain exposure to commodities. There are roughly 60 funds available that focus on single commodities, but funds that hold a broader range of commodities are a safer bet.
Who is the new CEO of BGI Ethiopia?
BGI-Ethiopia appoints Pierre-Emmanuel Medard as the new CEO. Emanuel replaces Herve Milhade, who announced his intention to retire from Castel Group. Emmanuel Medard brings over 25 years of industry expertise as he takes the helm starting May 1, 2025. Beriso Amelo appointed as the new Chief Executive Officer of Ethiopian Shipping and Logistics, replacing Mr. Roba Megersa, who has served as CEO since May 2017. Congratulations and Welcome to the ESL Dr. Beriso Amelo.BGI-Ethiopia appoints Pierre-Emmanuel Medard as the new CEO. Emanuel replaces Herve Milhade, who announced his intention to retire from Castel Group. Emmanuel Medard brings over 25 years of industry expertise as he takes the helm starting May 1, 2025.
What is the commodities exchange in Ethiopia?
The Ethiopia Commodity Exchange, (ECX), is a marketplace, where buyers and sellers come together to trade, assured of quality, delivery and payment. ECX Wadi’ah Current Accounts These accounts are opened for the members of the Ethiopian Commodity Exchange to facilitate the trading of Commodity at ECX trading centers.The ECX is set up as a private company owned by a partnership of the market actors, members of the exchange, and the Ethiopian government, led by Eleni Gebre Medhin a former economist for the International Food Policy Research Institute and the World Bank.The ownership structure of ECARX Holdings (ECX) stock is a mix of institutional, retail, and individual investors. Approximately 3. Institutional Investors, and 96. Public Companies and Individual Investors.The ECX is set up as a private company owned by a partnership of the market actors, members of the exchange, and the Ethiopian government, led by Eleni Gebre Medhin a former economist for the International Food Policy Research Institute and the World Bank.