Mumbai, India
Abbreviation
ICEX
Location
Mumbai, India
Region
Asia
Product Types
Diamonds, Precious Metals, Agricultural, Base Metals
Indian Commodity Exchange Limited (ICEX), established around 2009 and headquartered in Mumbai, was India's first exchange to offer diamond futures contracts, a pioneering product in the global commodity derivatives space. ICEX also listed precious metals, agricultural, and base metals futures. The exchange operated under SEBI (Securities and Exchange Board of India) regulation. Following challenges with trading volumes and market development, SEBI cancelled ICEX's recognition as a national commodity exchange, and it subsequently ceased operations.
The Mongolian Commodity Exchange (MCE), established in 2013 in Ulaanbaatar, is Mongolia's primary platform for trading raw agricultural and pastoral commodities. MCE lists 21 types of raw materials across six commodity groups: cashmere, wool, livestock, grain, meat, and leather. As Mongolia is one of the world's largest producers of cashmere, MCE plays a critical role in setting domestic benchmark prices for this high-value fibre. The exchange aims to bring transparency and standardisation to Mongolia's traditional commodity trading sector.
The İzmir Commodity Exchange (İzmir Ticaret Borsası, İTB) is one of Turkey's oldest and most important commodity exchanges, established in 1891. Located in İzmir on the Aegean coast, the exchange is the primary trading venue for key Turkish agricultural exports including cotton, dried figs, dried apricots, raisins, and olive oil. İTB plays a central role in setting benchmark prices for Turkish agricultural produce, serving as a price-discovery centre for domestic and export markets.
The Iran Energy Exchange (IRENEX), supervised by the Iranian Securities and Exchange Organisation (SEO), is Iran's regulated marketplace for energy carriers. Established in 2012, IRENEX facilitates the trading of crude oil, petroleum products (gasoline, gasoil, fuel oil, naphtha), electricity, natural gas, and petrochemical products within Iran's domestic market. As Iran is one of the world's largest holders of oil and natural gas reserves, IRENEX plays a critical role in Iran's domestic energy price-discovery system, operating alongside the Iran Mercantile Exchange.
AirCarbon Exchange (ACX) is a Singapore-based digital carbon market and commodity exchange founded in 2019, specialising in voluntary carbon credits. ACX uses blockchain technology to tokenise and trade carbon credits from certified projects (VERRA, Gold Standard), enabling aviation, shipping, and industrial companies to offset their greenhouse gas emissions. As one of the first exchanges to bring digital infrastructure to voluntary carbon markets, ACX serves airlines, shipping companies, and corporations seeking to meet net-zero commitments. The exchange is regulated by the Abu Dhabi Global Market (ADGM) through its Abu Dhabi branch.