Success criteria for commodity exchanges
The starting point for this article is the concept of a commodity exchange. A working definition is a physical or – more likely – electronic marketplace for buying, selling and trading commodities, whether ‘hard’ commodities, which typically are natural resources that must be mined or extracted (gold, rubber, oil, etc.), or ‘soft’ commodities, which are mainly agricultural products or livestock (coffee, corn, cotton, sugar, soybeans, etc.).