Abbreviation: NYMEX. US futures exchange on which the Oil Complex (Crude Oil, Heating Oil, etc), platinum, palladium & CRB Index are traded among others.
US futures exchange, consisting of two divisions: the Nymex Division and the Comex Division. The Exchange offers trading for energy futures and options in crude oil, heating oil, gasoline, natural gas and electricity as well as propane futures, and options on the crude oil/gasoline and crude oil/heating oil crack spreads. Precious and base metals are also traded.
The largest physical commodity exchange in the world. Futures contracts are traded on the Exchange in an anonymous, open, and competitive auction, based on open outcry. The exchange acts as the counterparty on every trade, clearing (matching) orders amongst the members. The Exchange's platinum contract is the longest continuously traded precious metals contract in the world's marketplace, first traded in 1956.
US futures exchange, consisting of two divisions: the Nymex division and the Comex division. Along with metals futures and options, the exchange offers trading for energy futures and options in crude oil, heating oil, gasoline, natural gas and electricity, as well as propane futures and options on the crude oil/gasoline and crude oil/heating oil crack spreads. . The exchange also operates the Nymex ClearPortÂ® Services for clearing trades, as well as the Nymex ACCESSÂ® system for after-hours trading when the open- outcry trading floor is not open. www.nymex.com
Trades petroleum, natural gas and precious metals. ( www.nymex.com)
The world's largest physical commodity futures exchange. The prices quoted for oil, gas and other commodity transactions on the exchange are the basis for prices paid throughout the world.
Founded in 1872 as a market for cheese, butter, eggs, its principle commodities today include heating oil and petroleum products.
The New York Mercantile Exchange (NYMEX) is the world's largest physical commodity futures exchange, located in New York City. Its two principal divisions are the New York Mercantile Exchange and the New York Commodities Exchange (COMEX) which were once independent companies but are now merged. The New York Mercantile Exchange, Inc. is now traded publicly, as its parent company, NYMEX Holdings, Inc. became listed on the New York Stock Exchange on November 17, 2006, under the ticker symbol NMX.