In theory, almost any commodity or product can be dealt in on a terminal market or exchange, provided it is possible to fix an acceptable standard quality and specification, and provided, also, there are sufficient buyers and sellers. In practice, however, certain commodities, such as tin, are unsuitable and others may be traded for short periods of time or only in certain locations. Commodities and derivatives are also traded over-the-counter and both exchange and over-the-counter deals can be subject to a clearing process.

(1) The products

As a broad indication, trades in:

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