NAICS Code 523140

NAICS 523140

NAICS Code 523140 – Commodity Contracts Brokerage

Definition of NAICS Code 523140: This industry comprises establishments primarily engaged in acting as agents (i.e., brokers) in buying or selling spot or future commodity contracts or options on a commission or transaction fee 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.

Illustrative Examples of NAICS 523140

What are some examples of this code? The bulleted items below are illustrative examples of this classification.

  • Commodity contracts brokerages
  • Financial futures brokerages
  • Commodity futures brokerages

Cross Reference Guide for Code 523140

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 principals in buying or selling spot or futures commodity contracts generally on a spread basis–are classified in Industry NAICS 523130, Commodity Contracts Dealing; 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 523140

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.

  • Brokerages, commodity contracts
  • Commodity contracts brokerages
  • Commodity contracts brokers’ offices
  • Commodity contracts floor brokers
  • Commodity contracts options brokerages
  • Commodity futures brokerages
  • Financial futures brokerages
  • Futures commodity contracts brokerages
  • Futures commodity contracts brokers’ offices
Suggested Insurance Conversion Table for NAICS Code 523140

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 523140
  • CA WC: 8742
  • DE WC: 951
  • PA WC: 951
  • MI WC: 8742
  • NJ WC: 8742
  • NY WC: 8742
  • WY WC: 523140
  • GL: 47367
  • SIC: 6221

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 523140 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 52314: Commodity Contracts Brokerage
  • 6 Digit Code(s) NAICS 523140: Commodity Contracts Brokerage
Other helpful NAICS Downloads

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NAICS Code 523140