Meaning of “mercantile exchange” in the English Dictionary

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"mercantile exchange" in Business English

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mercantile exchangenoun [ C ]

uk us

FINANCE, COMMERCE a market for trading commodities (= metals, farm products, etc.):

The value of milk is determined through a formula on the Chicago Mercantile Exchange.

(Definition of “mercantile exchange” from the Cambridge Business English Dictionary © Cambridge University Press)