ASCE Commodity Trading

The Abuja Securities and Commodity Exchange (ASCE) was established to:

1. provide a price-discovery mechanism
2. protect farmers from the inherent risks in agricultural produce marketing through hedging in the exchange
3. address the problem of quality of our commodities

and provide market information necessary for the movement of commodities from surplus to deficit markets

At the ASCE, the commodity brokers can trade on contracts for immediate delivery (Spot) and for future delivery (Forward, Futures & Options) Market. The exchange has commenced its spot market and is working on bringing the other markets online