NAICS Code 523130

NAICS 523130

NAICS Code 523130 – Commodity Contracts Dealing

Definition of NAICS Code 523130: This industry comprises establishments primarily engaged in acting as principals (i.e., investors who buy or sell for their own account) in buying or selling spot or futures commodity contracts or options, such as precious metals, foreign currency, oil, or agricultural products, generally on a spread basis.

  • You can also download your own copy of the complete 2017 NAICS Classification Manual. The NAICS Manual is updated every five years. The 2017 copy will be applicable until a new edition is produced in 2022.

Cross Reference Guide for Code 523130

What codes are similar to this classification that might be a more applicable code? The cross-reference guide below displays the codes for other similar industries. Please review to find the most applicable classification.

  • Acting as agents (i.e., brokers) in buying or selling spot or future commodity contracts on a commission or transaction fee basis–are classified in Industry NAICS 523140, Commodity Contracts Brokerage; and
  • Buying and selling physical commodities for resale to other than the general public–are classified in Sector 42, Wholesale Trade.

Other Index Entries for NAICS 523130

The North American Industry Classification System contains multiple index entries that are each descriptive of the same code. The bulleted list below shows all applicable index entries (Current and former) that are associated with this classification. These index entries further elaborate on the scope of applicable industries that have already been defined at the top of this page.

  • Commodity contract trading companies
  • Commodity contracts dealing (i.e., acting as a principal in dealing commodities to investors)
  • Commodity contracts floor traders (i.e., acting as a principal in dealing commodities to investors)
  • Commodity contracts floor trading (i.e., acting as a principal in dealing commodities to investors)
  • Commodity contracts options dealing (i.e., acting as a principal in dealing commodities to investors)
  • Commodity contracts traders (i.e., acting as a principal in dealing commodities to investors)
  • Foreign currency exchange dealing (i.e., acting as a principal in dealing commodities to investors)
  • Foreign currency exchange services (i.e., selling to the public)
  • Futures commodity contracts dealing (i.e., acting as a principal in dealing commodities to investors)
  • Trading companies, commodity contracts

Suggested Insurance Conversion Table for NAICS Code 523130

Looking for an insurance classification other than the North American Industry Classification System? If a company falls within the industry defined on this page, then the class codes mentioned below may be applicable. Please note that the bulleted cross-reference guide below is not authoritative. Users should have an insurance professional review to ensure proper insurance classification.

  • NCCI WC (Varies by state): 8742NAICS 523130
  • CA WC: 8742
  • DE WC: 951
  • PA WC: 951
  • MI WC: 8742
  • NJ WC: 8742
  • NY WC: 8742
  • WY WC: 523130
  • GL: 47367

Resources: Praxiom, AceGroupTDICalifornia Division of Workers Compensation, Delaware Workers Compensation Manual, Pennsylvania Workers Compensation Manual, Michigan Workers’ Compensation Placement Facility: Classification Definitions, New Jersey Workers Compensation and Employers Liability Insurance Manual, New York Workers Compensation and Employers Liability, North American Industry Classification System, Florida Underwriting Guide: Commercial General Liability Classifications,  Standard Industrial Classifications.

The suggested cross reference guide for NAICS code 523130 is based on our research using the resources cited above.

Correlating Code Breakdown for North American Industry Classification System

NAICS codes are broken down by digit. The broadest description starts with the 2 digit sector codes. The 3 digit subsector codes are more specific, then the 4 digit industry group, 5 digit industry, and the most specific is the 6 digit NAICS code (Where you are now). If the code on this page does not describe the industry of the business in question, then select the largest applicable code below. From there, follow through the progression of smaller digits to the larger digits in order to obtain the most specific 6 digit classification.

  • Sector 52: Finance and Insurance
  • Subsector 523: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
  • Industry Group 5231: Securities and Commodity Contracts Intermediation and Brokerage
  • Industry 52313: Commodity Contracts Dealing
  • 6 Digit Code(s) NAICS 523130: Commodity Contracts Dealing
Other helpful NAICS Downloads

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NAICS Code 523130