Stainless sheet AISI 304 · 1.0×1250×2500 · 2B · USD per tonne
The spread is the market.
Everything else is paperwork.
GCX matches binding orders for physical commodities — grain, metal, bulk — not paper claims on them. Two orders meet, the match is binding, and the exchange writes down what was agreed. Money and cargo move between you and your counterparty, the way they always have.
GCX-LS-304-1x1250x2500-B
$ / t
Asks above, bids below, spread in the gap.
What happens here
A real order book for a real commodity
What it matches
Orders meet only inside the same market: one product, one currency, one unit of quantity. Delivery points must overlap, down to the city or wide open.
Who it will not match
Never your own order, and never a colleague from your own company. Volume you draw against yourself is not volume.
What it never touches
Payment for the goods. There is no wallet for it, no escrow. The exchange writes down what was agreed and leaves settlement to your contract.
Why it is safe
A deposit is held on both sides, not one
When two orders match, both sides put up a deposit. It stays yours — it is released in full once the trade clears its steps. Miss a deadline, and the side that missed it loses the deposit; the other side gets theirs back in full.
Security
held, not spent
No deposit is being held at the moment: the platform freezes nothing against a trade. The fee and the deadlines are unchanged.
- Both sides confirm the trade
- 24 hours
- Exchange and accept documents
- 5 days
Fees, deposits, deadlines and what happens when a trade falls through: how GCX works.