New York Cocoa Exchange Explained

New York Cocoa Exchange
City:	New York
Country:	USA
Foundation:	1925
Commodity:	Cocoa

The New York Cocoa Exchange was a commodities exchange in New York City where futures contracts on cocoa were bought and sold.^[1] The exchange was located at 82 Beaver Street in Manhattanfor most of its existence.^[2]

On September 28, 1979, the New York Coffee and Sugar Exchange merged with the New York Cocoa Exchange and the New York Coffee and Sugar Exchange mergedto become the Coffee, Sugar and Cocoa Exchange.^[3] That exchange later merged with the New York Board of Trade, in turn acquired by IntercontinentalExchange, which operates its American futures operations as ICE Futures U.S.

IntercontinentalExchange states that the ICE Futures U.S. Cocoa contract "is the benchmark for world cocoa prices."^[4]

Notes and References

1. Canalizo. Eugene A.. May 1931. New York Cocoa Exchange. Annals of the American Academy of Political and Social Science. Sage Publications, Inc.. 155. 140–145 . 1018015. 10.1177/000271623115500117.
2. News: Cocoa Exchange renews its lease. January 22, 1964. The New York Times. July 10, 2014.
3. "Coffee, Sugar and Cocoa merger official," Tea & Coffee Trade Journal, 151(11):43
4. Web site: Cocoa . ICE Futures U.S.. July 10, 2014.