NAICS 523160

What is the NAICS code 523160?

The NAICS code 523160 is applied to those industries related to Commodity Contracts Intermediation.

This industry comprises establishments primarily engaged in acting as principals (i.e., investors who buy or sell for their own account) in buying or selling spot or futures commodity contracts or options, such as precious metals, foreign currency, oil, or agricultural products, generally on a spread basis, or acting as agents (i.e., brokers) in buying or selling spot or futures commodity contracts or options on a commission or transaction fee basis.

Illustrative examples:

Commodity contract trading companies
Commodity contracts brokerages
Commodity futures brokerages
Futures commodity contracts dealing (i.e., acting as a principal in dealing commodities to investors)

Therefore, all companies engaged in any industrial activity related to this type of business are grouped under category 523160 in the North American Industry Classification System.

This industrial activity of NAICS code is structured as follows:

52 - Finance and Insurance
523 - Securities, Commodity Contracts, and Other Financial Investments and Related Activities
5231 - Securities and Commodity Contracts Intermediation and Brokerage
52316 - Commodity Contracts Intermediation
523160 - Commodity Contracts Intermediation

Characteristics of the North American Industry Classification System code 523160

NAFTA

This code is only used in the North American Industry Classification System (NAICS). It´s to say, it is not used in the North American Free Trade Agreement (NAFTA): United States, Canada, and Mexico.

Related codes

The NAICS industry 523160 has the following cross-references:

Operating commodity or securities exchange clearinghouses (including virtual currency trading exchange clearinghouses) are classified in U.S. Industry 523999, Miscellaneous Financial Investment Activities.
Reselling physical commodities are classified in Sector 42, Wholesale Trade, or in Sector 44-45, Retail Trade.

Related activities

Below are some of the most common types of activities in the Commodity Contracts Intermediation industry (NAICS Code 523160):

Brokerages, commodity contracts
Commodity contract pool operators
Commodity contract trading companies
Commodity contracts brokerages
Commodity contracts brokers' offices
Commodity contracts dealing (i.e., acting as a principal in dealing commodities to investors)
Commodity contracts floor brokers
Commodity contracts floor traders (i.e., acting as a principal in dealing commodities to investors)
Commodity contracts floor trading (i.e., acting as a principal in dealing commodities to investors)
Commodity contracts options brokerages
Commodity contracts options dealing (i.e., acting as a principal in dealing commodities to investors)
Commodity contracts traders (i.e., acting as a principal in dealing commodities to investors)
Commodity futures brokerages
Financial futures brokerages
Foreign currency exchange brokering services
Foreign currency exchange dealing (i.e., acting as a principal in dealing commodities to investors)
Foreign currency exchange services (i.e., selling to the public)
Futures commodity contracts brokerages
Futures commodity contracts brokers' offices
Futures commodity contracts dealing (i.e., acting as a principal in dealing commodities to investors)
Trading companies, commodity contracts
Virtual currency (cryptocurrency) brokering
Virtual currency (cryptocurrency) dealing
Virtual currency exchange services (i.e., selling to the public)

NAICS 523160