EXCHANGE OF COMMODITY REBUPLIC OF TURKEY TARSUS COMMODITY EXCHANGE According to Act No:5174, Commodity Exchanges are the organizations that are responsible for arranging and registering trade commodities, establishing and announcing daily prices, creating general rules and decisions with the acceptance of TOBB (The Union of Chambers and Commodity Exchanges of Turkey) about obligation of delivery, accepting delivery and payments, arbitration procedures in conflicts, following and communicating with domestic and foreign exchanges and markets, constructing laboratory and technical offices to establish types and qualities of commodities that are traded in the exchange processes, arranging and announcing the customs and practices of exchanges and obscuring duties established by other regulations and Ministry of Industry and Trade. For these reasons commodity exchanges are very important under free market conditions.
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