New York Mercantile Exchange - NYMEX

New York Mercantile Exchange - NYMEX
The world's largest physical commodity futures exchange. Trading is conducted through two divisions: the NYMEX Division, which is home to the energy, platinum and palladium markets, and the COMEX Division, where metals like gold, silver and copper and the FTSE 100 index options are traded. The NYMEX uses an outcry trading system during the day and an electronic trading system after hours.

You'll hear the NYMEX referred to as "The Merc".

In 1872, a group of dairy merchants founded "The Butter and Cheese Exchange of New York", and in 1994, the NYMEX merged with the COMEX (commodity exchange). Futures and options on energy and precious metals have become great tools when companies try to manage risk by hedging their positions. The ease with which these instruments are traded is vital to hedging activities and gauging future prices, making the NYMEX a vital part of the trading and hedging worlds.

Investment dictionary. . 2012.

Look at other dictionaries:

  • New York Cotton Exchange — The New York Cotton Exchange (NYCE) was a commodities exchange founded in 1870 by a group of one hundred cotton brokers and merchants at 1 Hanover Square (later known as India House) in New York City. The old New York Cotton Exchange at 1 Hanover …   Wikipedia

  • New York Gold Exchange — The New York Gold Exchange was an exchange formed near the beginning of the Civil War for the purpose of creating an open market for transactions involving gold and the government created paper currency, the greenback. It was formed by bankers… …   Wikipedia

  • New York (New York) — New York City Spitzname: The Big Apple Satellitenbild New York Citys …   Deutsch Wikipedia

  • New York (Stadt) — New York City Spitzname: The Big Apple Satellitenbild New York Citys …   Deutsch Wikipedia

  • New York City — Spitzname: The Big Apple …   Deutsch Wikipedia

  • New York Board of Trade — ICE Futures U.S. Unternehmensform Tochtergesellschaft der IntercontinentalExchange Gründung 10. Juni 2004 Unternehmenssitz New York, Vereinigte Staaten …   Deutsch Wikipedia

  • NEW YORK CITY — NEW YORK CITY, foremost city of the Western Hemisphere and largest urban Jewish community in history; pop. 7,771,730 (1970), est. Jewish pop. 1,836,000 (1968); metropolitan area 11,448,480 (1970), metropolitan area Jewish (1968), 2,381,000… …   Encyclopedia of Judaism

  • New York metropolitan area — New York Newark Bridgeport New York New Jersey Connecticut Pennsylvania Combined Statistical Area (CSA)   Tri State Area   …   Wikipedia

  • Economy of New York City — The NASDAQ MarketSite in Times Square. The economy of New York City is the biggest regional economy in the United States and the second largest city economy in the world after Tokyo.[1] Anchored by Wall Street …   Wikipedia

  • Portal:New York City — Wikipedia portals: Culture Geography Health History Mathematics Natural sciences People Philosophy Religion Society Technology …   Wikipedia

  • Chicago Mercantile Exchange — El Chicago Mercantile Exchange (CME o simplemente The Merc ) (NYSE: CME) es un mercado financiero estadounidense con base en Chicago. El CME fue fundado en 1898 como el Chicago Butter and Egg Board . En marzo de 2008, el Chicago Mercantile… …   Wikipedia Español