Founded in 1933, it is formed by the merger of leather, raw silk, rubber and metal exchanges. Trading varieties include gold, silver, copper and aluminum, among which the gold futures contract launched by 1974 had a certain impact on the international futures market in the 1970s and 1980s.

American metal futures appeared later than Britain. From the end of 19 to the beginning of the 20th century, with the establishment of modern industrial production system in the United States, the types of futures contracts also expanded from agricultural products to metals, finished products and processed products.