Commodity Contracts Brokerage
Key Figures
Figures are published for NAICS 52314 directly.
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Official definition
This industry comprises establishments primarily engaged in acting as agents (i.e., brokers) in buying or selling spot or futures commodity contracts or options on a commission or transaction fee basis.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain. Census publishes this definition under NAICS 523140, the only detailed industry in this group.
Illustrative examples
- Commodity contracts brokerages
- Financial futures brokerages
- Commodity futures brokerages
Which code does this activity belong in?
Commodity Contracts Brokerage covers establishments that act as agents on behalf of clients, earning commissions or transaction fees for facilitating the purchase or sale of commodity contracts, including futures and options. The key distinction from Commodity Contracts Dealing is the broker's role as intermediary rather than principal; brokers execute transactions for others' accounts, whereas dealers in that industry buy and sell commodity contracts for their own account. Securities Brokerage differs by focusing on stocks and bonds rather than commodity contracts.
Written for NAICS 523140, the only detailed industry in this group.