Comex
COMEX (Commodity Exchange Inc.) is a CME Group subsidiary operating a CFTC-regulated futures exchange for precious and industrial metals. It serves institutional traders, hedgers, speculators, and central banks via CME Globex and FCM intermediaries.
- Company typePrivate
- Founded2003
- HeadquartersRud, Norway
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Comex does
Comex (COMEX, formally Commodity Exchange Inc.) is a U.S.-based designated contract market operating as a wholly-owned subsidiary of CME Group (NASDAQ: CME). Founded in 1933 as the National Commodity Exchange and acquired by CME Group in 2008, COMEX provides standardized futures and options contracts on precious metals (gold, silver) and industrial metals (copper, aluminum), serving as a primary global price discovery venue for these commodities.
COMEX distributes contracts through CME Globex, an electronic trading platform enabling 24-hour global access for institutional traders, and through a network of futures commission merchants (FCM) and clearing member firms that intermediate access for end clients including hedgers, speculators, investors, industrial users, and central banks. Its business model is transaction-fee based, monetizing contract volume across speculative and commercial hedging use cases, with clearinghouse guarantees reducing counterparty risk and CFTC regulatory oversight providing institutional legitimacy. The exchange derives its competitive position from concentrated liquidity, standardized contract specifications, and integration within CME Group's broader derivatives ecosystem.
Note: The input data contains a conflicting entity reference — a separate Norwegian firm also identified as "Comex" (founded 2003, 1-10 employees, manufacturer of industrial equipment, based in Rud, Norway, at comex-group.com) for which no substantive financial, product, or operational data was extractable. This analysis is grounded in the COMEX Commodity Exchange data, which constitutes the overwhelming majority of available evidence.
Comex firmographics
Firmographics- Name
- Comex
- Website
- https://comex-group.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- COMEX (Commodity Exchange Inc.) is a CME Group subsidiary operating a CFTC-regulated futures exchange for precious and industrial metals. It serves institutional traders, hedgers, speculators, and central banks via CME Globex and FCM intermediaries.
- Ownership category
- akta.pro rank
Comex industry classification
Industry- Product category
- Commodity Futures Exchange
- NAICS
- Securities and Commodity Exchanges (523210), Commodity Contracts Intermediation (52316)
- SIC
- Commodity Contracts Brokers & Dealers (6221), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Metals Derivatives Exchanges (Precious & Base Metals) (FSAFABAE)
- akta.pro secondary industries
- Metals Commodities Exchanges (Precious & Base Metals) (FSAFAMAD), Commodity Derivatives Exchanges (Futures & Options on Commodities) (FSAFAMAG)
Keywords
Where Comex is headquartered
LocationHeadquarters
- HQ city
- Rud
- HQ country
- Norway
- HQ region
- Europe
Markets served
Comex business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales
Distribution channels2 records
Comex product offering
Product offeringCore offering
COMEX (Commodity Exchange Inc.) is a US designated contract market that lists and trades standardized futures and options contracts on precious metals (gold, silver) and industrial metals (copper, aluminum). Contracts are executed electronically on the CME Globex platform and cleared through CME Group's central counterparty infrastructure. The exchange provides price discovery, price risk transfer, and physically- or financially-settled delivery mechanisms for institutional market participants worldwide.
Product overview
No product information available. The source data contains news articles about COMEX commodity futures trading (gold, silver, other precious and industrial metals) rather than product documentation or company marketing materials.
Differentiator
Problem solved
Functional benefit
Products and services
- COMEX Gold Futures Contracts
- COMEX Silver Futures Contracts Standardized, centrally cleared futures contracts on silver providing price discovery, risk transfer, and physical delivery for industrial users, investors, and speculators.
- COMEX Copper Futures Contracts Standardized futures contracts on copper enabling producers, manufacturers, and investors to manage exposure to industrial metals price movements.
- COMEX Aluminum Futures Contracts Standardized futures contracts on aluminum providing risk management and price discovery for industrial metals market participants.
- CME Globex Electronic Trading Access for COMEX Contracts Electronic trading infrastructure providing institutional clients with continuous global access to execute COMEX precious and industrial metals futures and options contracts.
Companies that use Comex
Customer profileSegments1 record
Ideal customer profiles1 record
Comex technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Comex partnerships and signals
Strategic signalScale indicators5 records
Recent moves4 records
Expansion highlights2 records
Comex competitors and assessment
Company assessmentDirect peers
- London Metal Exchange: The world's largest market for industrial metals futures and options. LME is the most direct competitor to COMEX for metals price discovery, with overlapping gold, silver, copper, and aluminum contracts and overlapping institutional customer base.
- Intercontinental Exchange (ICE): Major global exchange operator running ICE Futures (including the former NYBOT) with active commodity and metals derivatives markets. Operates regulated US venues and competes for institutional precious-metals and energy hedging flow alongside COMEX.
- Eurex (Deutsche Börse): Major European derivatives exchange offering precious-metals futures and options alongside a broad multi-asset complex. Competes directly for European institutional flow and offers comparable regulated infrastructure to COMEX.
Broad incumbents
- CME Group: Parent of COMEX and operator of CME, CBOT, and NYMEX. As the broader incumbent across asset classes, CME Group dictates COMEX's strategic priorities, capital allocation, and clearing infrastructure — directly relevant for evaluating any standalone valuation.
Regional players
- Shanghai Futures Exchange (SHFE): China's principal regulated futures exchange trading copper, aluminum, zinc, and precious metals contracts. A leading regional venue competing for global metals flow and increasingly setting Asian benchmark prices that compete with COMEX.
- Multi Commodity Exchange of India (MCX): India's largest commodity derivatives exchange with leading gold, silver, and base metals futures contracts. Competes for South Asian hedging flow and is a comparable emerging-market venue in the same regulatory exchange model as COMEX.
- Tokyo Commodity Exchange (JPX/TOCOM): Japan's primary precious and industrial metals futures exchange, now under Japan Exchange Group. Provides Asia-based competition to COMEX for regional institutional hedging demand in gold, silver, and platinum-group metals.
- Dubai Gold & Commodities Exchange (DGCX): Middle East-based derivatives exchange with one of the largest gold futures contracts globally by volume. Targets the same institutional and physical-delivery market segments as COMEX from a regional Gulf/Asia corridor perspective.
- Bursa Malaysia (for tin and base metals): Hosts the global benchmark tin and other base-metals derivatives contracts in Southeast Asia. Comparable to COMEX in providing regulated standardized metals contracts, though focused on a narrower commodity set.
- Borsa Istanbul (Turkish Derivatives Exchange): Emerging-market derivatives venue offering precious-metals futures contracts to regional participants. Provides a comparable regulated exchange model for EM institutional clients alongside COMEX.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Comex social profiles
Digital presenceComex financial estimates
Financial estimateRevenue estimate
Valuation estimate
Comex leadership team
Management profileNumber of profiles
Comex funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Comex M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Comex
What does Comex do?
COMEX (Commodity Exchange Inc.) is a US designated contract market that lists and trades standardized futures and options contracts on precious metals (gold, silver) and industrial metals (copper, aluminum). Contracts are executed electronically on the CME Globex platform and cleared through CME Group's central counterparty infrastructure. The exchange provides price discovery, price risk transfer, and physically- or financially-settled delivery mechanisms for institutional market participants worldwide.
Is Comex a public or private company?
Comex is a private company. It is classified as corporate owned and is currently operating.
When was Comex founded?
Comex was founded in 2003. It employs 1 to 10 people.
Where is Comex based?
Comex is headquartered in Rud, Norway, in the Europe region.
Who are Comex's main competitors?
Direct peers on record are London Metal Exchange, Intercontinental Exchange (ICE) and Eurex (Deutsche Börse). CME Group is listed as a broad incumbent. Regional players are Shanghai Futures Exchange (SHFE), Multi Commodity Exchange of India (MCX), Tokyo Commodity Exchange (JPX/TOCOM), Dubai Gold & Commodities Exchange (DGCX), Bursa Malaysia (for tin and base metals) and Borsa Istanbul (Turkish Derivatives Exchange).
Does Comex have an API?
No public API is recorded for Comex.
What industry is Comex in?
Comex's product category is Commodity Futures Exchange. Its primary akta.pro industry code is FSAFABAE, Metals Derivatives Exchanges (Precious & Base Metals), with a secondary code of FSAFAMAD, Metals Commodities Exchanges (Precious & Base Metals). Its NAICS code is 523210 and its SIC code is 6221.