Commodity market in Sumer between 4500 BC and 4000 BC. Sumerians first used clay tokens sealed in a clay vessel, then clay writing tablets to represent the amount—for example, the number of goats, to be delivered. These promises of time and date of delivery resemble futures contract. Early civilizations variously used pigs, rare seashells, or other items as commodity money. Since that time traders have sought ways to simplify and standardize trade contracts. Gold and silver markets evolved in classical civilizations. At first the precious metals were valued for their beauty and intrinsic worth and were associated with royalty. In time, they
Derivative and Commodity Exchange Nepal Ltd. Nepal and the commodities market are under full fledged regulation monitored by the Securities Exchange Board of Nepal (SEBON ). Derivative and Commodity Exchange Nepal Ltd. The Derivative and Commodity Exchange Nepal (DCX) is an Asian multi-product commodity and derivatives exchange situated in Nepal for commodity market in Nepal. Derivative trading in a diversified basket of commodities and derivatives (CFD) including futures and options contracts on precious metals, base metals, agriculture commodities, energy, currencies and commodity indices. In Nov 2011 the Derivative and Commodity Exchange Nepal Ltd. was granted Company recognition by Company Registrar Office, qualifying operating licence by the