Coffee, Sugar & Cocoa Exchange, Inc.

OBS: The Coffee, Sugar & Cocoa Exchange, Inc., known initially as the Coffee Exchange of the City of New York, was founded in 1882. The Exchange was formed by a group of coffee merchants who wished to avoid the risk of a cash market collapse by organizing a market for trading in coffee futures. In 1914, the Coffee Exchange expanded to include futures in sugar, and, in 1916, it became the New York Coffee and Sugar Exchange, Inc. On September 28, 1979, the New York Cocoa Exchange, Inc., which had been in existence since 1925, was officially merged into the Coffee and Sugar Exchange, and the name Coffee, Sugar & Cocoa Exchange, Inc. was adopted.