Coffee, Sugar and Cocoa Exchange facts for kids

The Coffee, Sugar and Cocoa Exchange (CSCE) was an important marketplace where people bought and sold things like coffee, sugar, and cocoa. It started way back in 1882 as the Coffee Exchange in the City of New York.

Over time, it grew and changed. In 1914, they added sugar trading. Later, in 1979, the New York Coffee and Sugar Exchange joined with the New York Cocoa Exchange to form the CSCE. This new exchange became a big place for trading futures and options for these important food items. Futures and options are like agreements to buy or sell something at a set price in the future.

In 1998, the CSCE became part of a larger group called the New York Board of Trade (NYBOT). Then, in 2007, NYBOT joined with IntercontinentalExchange (ICE). This means the CSCE is now part of a very large global network for trading many different things.

Who Helped Lead the Exchange?

Benjamin Green Arnold, the first president of the Coffee Exchange.

Many people played key roles in the history of the Coffee, Sugar and Cocoa Exchange.

Benjamin Green Arnold was the very first president of the Coffee Exchange when it started in 1882. He helped set up this important trading place.

Joseph J. O'Donohue was a coffee broker and one of the people who helped create the Coffee Exchange. He was also a City Commissioner of Parks in New York and helped start the Brooklyn-New York Ferry.

Even big financial companies were involved early on. For example, Lehman Brothers became a member of the Coffee Exchange in 1883. This was even before they joined the New York Stock Exchange in 1887.

See also

• New York Produce Exchange
• Economics of coffee
• History of coffee