NAICS 523160—Commodity Contracts Intermediation

Where 523160 sits

1. 52 Finance and Insurance
2. 523 Securities, Commodity Contracts, and Other Financial Investments and Related Activities
3. 5231 Securities and Commodity Contracts Intermediation and Brokerage
4. 52316 Commodity Contracts Intermediation
5. 523160 Commodity Contracts Intermediation

Description

This industry comprises establishments primarily engaged in acting as principals (i.e., investors who buy or sell for their own account) in buying or selling spot or futures commodity contracts or options, such as precious metals, foreign currency, oil, or agricultural products, generally on a spread basis, or acting as agents (i.e., brokers) in buying or selling spot or futures commodity contracts or options on a commission or transaction fee basis.

Example activities

• commodity contract trading companies
• commodity contracts brokerages
• commodity futures brokerages
• futures commodity contracts dealing (i.e., acting as a principal in dealing commodities to investors)

Cross-references for 523160

• Operating commodity or securities exchange clearinghouses (including virtual currency trading exchange clearinghouses)--are classified in U.S. Industry 523999, Miscellaneous Financial Investment Activities; and
• Reselling physical commodities--are classified in Sector 42, Wholesale Trade, or in Sector 44-45, Retail Trade.

523160 in other systems