Mercantile Exchange Of Vietnam

What Mercantile Exchange Of Vietnam does

Mercantile Exchange of Vietnam (MXV) is Vietnam's nationally licensed centralized commodity exchange, headquartered in Hanoi with a representative office in Ho Chi Minh City. Founded in 2017, MXV operates as the country's professional centralized trading market organizer for commodities, offering a multi-asset futures product suite spanning grains (Corn, Soybean, Wheat and variants), softs and raw materials (Arabica and Robusta Coffee, Sugar, Cocoa, Cotton, Rubber, Crude Palm Oil), and metals (Platinum, Silver, Copper, Iron Ore, LME base metals, plus Nano-sized variants). The platform's core technology infrastructure connects members to international derivatives markets through partnerships with global exchanges — CME Group, London Metal Exchange, Intercontinental Exchange, Singapore Exchange, and Bursa Malaysia Derivatives — and was further enhanced by an April 2026 agreement with Trading Technologies International for exchange connectivity services, marking TT's first local client in Vietnam.

Name

Mercantile Exchange Of Vietnam

Legal name

Mercantile Exchange of Vietnam

Website

https://en.mxv.com.vn

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Mercantile Exchange of Vietnam (MXV) is Vietnam's nationally licensed centralized commodity exchange, headquartered in Hanoi, serving trading and brokerage members with futures products across grains, softs, and metals while providing access to international derivatives markets through partnerships with CME, LME, ICE, SGX, and Trading Technologies.

Ownership category

akta.pro rank

Product category

Commodity Derivatives Exchange

NAICS

Securities and Commodity Exchanges (523210), Securities and Commodity Exchanges (52321), Securities and Commodity Exchanges (5232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Commodity Derivatives Exchanges (Futures & Options on Commodities) (FSAFAMAG)

akta.pro secondary industry

Metals Derivatives Exchanges (Precious & Base Metals) (FSAFABAE)

Keywords

• Commodity futures exchange
• Derivatives trading platform
• Centralized market organizer
• Commodity brokerage services
• Membership trading services

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Transaction Fees: MXV generates revenue through transaction fees charged on commodity futures and options trades executed through the exchange.
2. Membership Fees: The exchange generates revenue from membership tariffs including trading member and brokerage member registration and annual fees. Trading members require 75 billion VND charter capital; brokerage members require 5 billion VND charter capital.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Mercantile Exchange of Vietnam (MXV) operates a national centralized commodity derivatives exchange in Vietnam, facilitating trading of commodity futures and options contracts across grains, softs (coffee, sugar, cocoa, cotton, rubber, palm oil), metals (copper, aluminum, iron ore, LME base metals), and energies. The exchange serves trading members (requiring 75 billion VND charter capital) and brokerage members (requiring 5 billion VND charter capital), and connects domestic members to international derivatives markets (CME Group, LME, ICE, SGX) via a partnership with Trading Technologies. Supporting services include a Research and Education Center, software solutions, and investor assistance.

Product overview

MXV operates as a national centralized commodity trading market organizer in Vietnam, offering a multi-category futures exchange platform. The core product portfolio includes Grains (Corn, Soybean, Wheat, and variants), Softs and other raw material (Coffee, Sugar, Cocoa, Cotton, Rubber, Crude Palm Oil), and Metals (Platinum, Silver, Copper, Iron Ore, LME metals). The platform also offers micro and nano-sized contract variants for certain commodities. Supporting services include a Research and Education Center, Software solutions, and Investor assistance. MXV provides trading and brokerage membership programs with different capital requirements. Through a partnership with Trading Technologies, MXV enables its members to access international derivatives markets including CME Group, LME, ICE, and SGX.

Differentiator

Problem solved

Functional benefit

Products and services

• Grains Futures Grain commodity futures contracts including Corn, Soybean, Wheat, and related products with standard, mini, and micro contract sizes, traded through the MXV exchange for professional traders and members.
• Softs and Other Raw Materials Futures Soft commodity futures contracts including Arabica Coffee, Robusta Coffee, Sugar, Cocoa, Cotton, Rubber (RSS3 and TSR20), and Crude Palm Oil, providing exposure to soft commodity markets for professional traders.
• Metals Futures Metals commodity futures including Platinum, Silver, Copper, Iron Ore, LME-listed metals (Aluminum, Lead, Tin, Zinc, Nickel, Steel Rebar, Steel Scrap, Steel HRC) as well as micro and nano-sized contract variants for professional metals trading.
• Research and Education Center Research reports and education services for commodity market participants, including courses, a glossary of terms, and a calendar of events delivered following international standards.
• Software Solution Technology solutions and software services for commodity market participants to support trading operations and platform integration.
• Assistance to Investors Support and assistance services for investors participating in the commodity trading market through MXV.
• MXV-Index Family A family of commodity indices tracking market performance across agriculture, industrial, and metals sectors, providing benchmark performance measurement for the Vietnamese commodity derivatives market.
• Trading Membership Trading member status for companies with at least 75 billion Vietnam dongs of charter capital, providing full access to MXV's commodity trading market and international derivatives connectivity.
• Brokerage Membership Brokerage member status for companies with at least 5 billion Vietnam dongs of charter capital, requiring CEO, Chief Accountant, and at least 3 certified staff to provide brokerage services on MXV's commodity trading market.

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

18 partnerships are on record, tiered core, major and minor.

• Trading Technologies International, Inc. (TT)coreTechnology or Integration · 22 April 2026TT and MXV have signed an agreement for MXV to adopt TT's exchange connectivity services, marking TT's first local client in Vietnam. The partnership enables MXV's trading members to access international derivatives markets including CME Group, LME, ICE and SGX through TT's global infrastructure. MXV indicated potential to expand partnership to include capacity building, market education and training initiatives.
• CME GroupcoreTechnology or IntegrationCME Group is listed as a key partner on MXV's website. MXV provides access to CME Group futures products including COMEX metals (Copper, Silver, E-mini Copper, Micro Copper, E-mini Silver, Micro Silver) and CBOT agricultural products.
• ICE (Intercontinental Exchange)coreTechnology or IntegrationICE is listed as a key partner. MXV provides access to ICE US and ICE EU products including Arabica Coffee, Robusta Coffee, Cocoa, Sugar 11, White Sugar, and Cotton.
• Singapore Exchange (SGX)coreTechnology or IntegrationSGX is listed as a key partner. MXV provides access to SGX Iron Ore and TSR20 Rubber contracts.
• London Metal Exchange (LME)coreTechnology or IntegrationLME is listed as a key partner. MXV provides access to LME base metals including Copper, Aluminum, Lead, Tin, Zinc, Nickel, Steel Rebar, Steel Scrap, and Steel HRC.
• Bursa Malaysia Derivatives Exchange (BMDX)majorTechnology or IntegrationBMDX is listed as a key partner. MXV provides access to Crude Palm Oil futures contracts.
• CWT LimitedminorOthersCWT Limited is listed as a partner on MXV's website, providing commodity logistics and services.
• Phillip CapitalminorChannel Partner/ Reseller/ DistributorPhillip Capital is listed as a partner, providing commodity trading services.
• Straits FinancialminorChannel Partner/ Reseller/ DistributorStraits Financial is listed as a partner for commodity trading services.
• StoneXminorChannel Partner/ Reseller/ DistributorStoneX is listed as a partner for commodity trading services.
• Sweet FuturesminorChannel Partner/ Reseller/ DistributorSweet Futures is listed as a partner for commodity trading services.
• Orient FuturesminorChannel Partner/ Reseller/ DistributorOrient Futures Singapore is listed as a partner for commodity trading services.
• BIDVminorOthersBIDV (Bank for Investment and Development of Vietnam) is listed as a partner, likely providing banking services for the exchange ecosystem.
• VietcombankminorOthersVietcombank is listed as a partner, likely providing banking services for the exchange ecosystem.
• TechcombankminorOthersTechcombank is listed as a partner, likely providing banking services for the exchange ecosystem.
• MSB (Maritime Bank)minorOthersMSB is listed as a partner, likely providing banking services for the exchange ecosystem.
• TPBankminorOthersTPBank is listed as a partner, likely providing banking services for the exchange ecosystem.
• Asia Commodity Marketplace (ACM)majorTechnology or IntegrationACM is listed as a partner providing Nano Silver, Nano Platinum, and Nano Copper contracts traded through MXV.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• CME Group: CME Group is the world's largest derivatives exchange complex. MXV licenses CME's COMEX and CBOT products for distribution in Vietnam, making CME both a partner and the dominant global incumbent in commodity derivatives.
• London Metal Exchange (LME): LME is the global benchmark exchange for industrial metals. MXV is a partner/licensee of LME for base metals access, making LME both an upstream incumbent and a key commercial counterparty in the same asset class.

Direct peers

• Multi Commodity Exchange of India (MCX): MCX is India's national commodity derivatives exchange, offering futures across bullion, metals, energy, and agri-commodities — directly comparable to MXV's national commodity exchange mandate and product mix in an emerging Asian market.
• Tokyo Commodity Exchange (TOCOM): TOCOM operates Japan's centralized commodity derivatives market across metals, energy, and agri. Comparable as an Asian national commodity exchange with similar regulatory and product structures.
• Singapore Exchange (SGX): SGX operates Asia's leading multi-asset derivatives venue including Iron Ore and TSR20 Rubber futures. MXV lists SGX products and competes for regional commodity flow; SGX represents both a partner and the most direct regional competitor.
• Shanghai Futures Exchange: SHFE is one of China's three national commodity futures exchanges, covering metals, energy, and agri. Comparable national-scale commodity derivatives infrastructure in a major Asian economy.
• Zhengzhou Commodity Exchange: ZCE is China's national commodity exchange for agricultural and chemical futures, including grains and cotton. Comparable as a national-scale, single-country commodity derivatives venue.
• Dubai Gold & Commodities Exchange (DGCX): DGCX is a regional multi-commodity derivatives exchange serving emerging-market participants with metals, energy, and currency futures. Comparable role as a national/regional emerging-market commodity venue.
• Dalian Commodity Exchange: DCE operates one of China's national commodity exchanges focused on agricultural and industrial futures. Comparable role as a national commodity derivatives venue with a strong agricultural product lineup.
• Bursa Malaysia Derivatives (BMDX): Bursa Malaysia Derivatives operates Malaysia's national derivatives venue, including Crude Palm Oil futures. MXV already lists BMDX's CPO contract and mirrors its role as a Southeast Asian national commodity exchange.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

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Frequently asked questions about Mercantile Exchange Of Vietnam