A marketplace where the titles to commodoties are traded. They are examined and graded and sold before their expiration date at close out rates. There are metal, fuel, soft, and currency commodities. AKA commodity futures market or commodity market.

More On This Topic

Link to This Definition
Did you find this definition of COMMODITY EXCHANGE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary