Kansai Commodities Exchange

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Kansai Commodities Exchange
KEX logo.jpg
Founded 1993
Headquarters Osaka, Japan
Website www.kanex.or.jp

The Kansai Commodities Exchange (KEX) is a commodity futures exchange based in Osaka, the birthplace of Japan’s first commodity exchange. KEX was ranked as the world's 53rd-largest derivatives exchange by volume in 2010 according to the annual volume survey published by the Futures Industry Association (FIA).[1] The FIA report, published in March of 2011, notes that KEX's total volume for 2010 declined by 9.7% from the previous year, falling to 63,092 contracts.

History

The exchange was created with a slightly different name, Kansai Agricultural Commodities Exchange, in October 1993 with the merger of three regional exchanges: the Osaka Grain Exchange, Osaka Sugar Exchange and the Kobe Grain Exchange. In April 1997, the Kobe Raw Silk Exchange joined and the name was changed to the Kansai Commodities Exchange. The most recent merger to date was in December 2006 with the addition of the Fukuoka Futures Exchange.[2]

Products and Services

The exchange currently lists eight agricultural products and indexes for trading[3]:

Anual Volumes

2009

The KEX ranked number 53 in 2009 in the Futures Industry Association's global list of top 53 derivatives exchanges measured by volume, down 62% on 2008's volume figure.[4] The FIA list, published in early April 2010, reports that total volume for 2009 fell to 69,900 from 2008's figure of 180,884.

References

  1. 2010 Annual Volume Survey. Futures Industry.org.
  2. Exchange Introduction. Kansai Commodities Exchange.
  3. Listed Commodities. Kansai Commodities Exchange.
  4. 2009 Annual Volume Survey. FIA magazine.