Fukuoka Futures Exchange (FFE) was a futures exchange

Futures exchange

A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts; that is, a contract to buy specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future. These types of...

 founded 1893, based in Fukuoka

Fukuoka, Fukuoka

is the capital city of Fukuoka Prefecture and is situated on the northern shore of the island of Kyushu in Japan.Voted number 14 in a 2010 poll of the World's Most Livable Cities, Fukuoka is praised for its green spaces in a metropolitan setting. It is the most populous city in Kyushu, followed by...

, Japan

Japan

Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...

. It was absorbed by Kansai Commodities Exchange

Kansai Commodities Exchange

Kansai Commodities Exchange is a futures exchange based in Osaka, Japan.Trading is conducted at six specified session times through the day...

, based in Ôsaka

Osaka

is a city in the Kansai region of Japan's main island of Honshu, a designated city under the Local Autonomy Law, the capital city of Osaka Prefecture and also the biggest part of Keihanshin area, which is represented by three major cities of Japan, Kyoto, Osaka and Kobe...

, and no longer exists. Trading was conducted at six specified session times through the day. At each session, a price was established for each contract month in each commodity. Daily price movement limits apply, including open position limits for members and customers. There were no position limits for hedging

Hedge (finance)

A hedge is an investment position intended to offset potential losses that may be incurred by a companion investment.A hedge can be constructed from many types of financial instruments, including stocks, exchange-traded funds, insurance, forward contracts, swaps, options, many types of...

.

Commodities traded

• Broiler chicken
  Broiler
  A broiler is a type of chicken raised specifically for meat production. Modern commercial broilers, typically known as Cornish crosses or Cornish-Rocks are specially bred for large scale, efficient meat production and grow much faster than egg or traditional dual purpose breeds...
  
  
• Corn
  Maize
  Maize known in many English-speaking countries as corn or mielie/mealie, is a grain domesticated by indigenous peoples in Mesoamerica in prehistoric times. The leafy stalk produces ears which contain seeds called kernels. Though technically a grain, maize kernels are used in cooking as a vegetable...
  
  
• Non-GMO
  GMO
  A GMO is a genetically modified organism.GMO may also refer to:* Gell-Mann–Okubo mass formula in particle physics* General Medical Officer, a designation for United States Army soldiers* Generalised molecular orbital theory, in chemistry...
  
   IOM soybeans
  IOM soybeans
  IOM soybeans is an industrial designation for soybeans from the U.S. states of Indiana, Ohio, and Michigan. Beans grown in those states have a high protein content that is valued by processors, in particular in Japan...
  
  
• IOM soybeans
  IOM soybeans
  IOM soybeans is an industrial designation for soybeans from the U.S. states of Indiana, Ohio, and Michigan. Beans grown in those states have a high protein content that is valued by processors, in particular in Japan...
  
  
• Redbeans (Azuki)
  Azuki bean
  The is an annual vine, Vigna angularis, widely grown throughout East Asia and the Himalayas for its small bean. The cultivars most familiar in north-east Asia have a uniform red color, but white, black, gray and variously mottled varieties are also known. Scientists presume Vigna angularis var...
  
  
• Soybean
  Soybean
  The soybean or soya bean is a species of legume native to East Asia, widely grown for its edible bean which has numerous uses...
  
   meal

See also

• List of futures exchanges in Japan
• Security (finance)
  Security (finance)
  A security is generally a fungible, negotiable financial instrument representing financial value. Securities are broadly categorized into:* debt securities ,* equity securities, e.g., common stocks; and,...