Cocoa Market Information - ICE Futures U.S. Exchange
IntercontinentalExchange® (ICE®) became the center of global trading in "soft" commodities
with its acquisition of the New York Board of Trade (NYBOT) in 2007. Now known as ICE Futures U.S®, the exchange offers
futures and options on futures on soft commodities including cotton, coffee, frozen concentrated orange juice, sugar and cocoa.
Cocoa futures have traded in New York since 1925, first on the New York Cocoa Exchange (later
part of the Coffee, Cocoa and Sugar Exchange), then on the New York Board of Trade and now on ICE Futures U.S. Options on
cocoa futures were introduced in 1986. Futures and options on futures are used by the both the domestic and global cocoa and
confectionery industries to price and hedge transactions. The ICE Futures U.S. Cocoa contract is the benchmark for world cocoa
prices. The contract's depth, liquidity and volatility, along with its diversifying properties vis-à-vis other commonly
traded futures, have made it a preferred instrument among commodity trading advisors and hedge funds.
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