Exchange-Traded Commodity (ETC)

See: Exchange-Traded Fund (ETF).

Oil. Gas. Pork bellies. Copper. And someday soon, idiot Congresspeople.

Exchanges are today relatively easy to build from scratch, because the technology, security, and fluidity of global exchanges has become so easy to reproduce. As a result, many associations that own their own domain, like the Corn Picker Association, can create their own little eBays, and trade among a wide range of buyers and sellers.

Why would they want to do this? Industry knowledge. If you are the casino, you have a much better idea of who is loving the blackjack table, and who's loving the poker table, and who is having too many drinks.

Our question: why isn't Amazon in this business?