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New York Mercantile Exchange (NYMEX)

The world's largest physical commodity futures exchange.

New York Mercantile Exchange

The largest physical futures commodity exchange in the world. Established in 1882, it came into its current form as the result of a 1994 merger between the New York Mercantile Exchange and the Commodity Exchange. NYMEX trades almost exclusively in energy products and metals, among other commodities. It is regulated by the Commodity Futures Trading Board. Unlike some exchanges, it requires firms trading on its floor to send their own employees as brokers. Thus, employees of NYMEX itself only record transactions, and do not involve themselves with actual trade.


References in periodicals archive ?
This comes at the same time that open interest for NYMEX Light Sweet Crude Oil (WTI) futures contracts is at record highs of over 1.
NGKF vice chairman Neil Goldmacher and HDREP's Holly Duran will investigate a sale-leaseback scenario as well as the possibility of relocating NYMEX to other properties in lower Manhattan.
The three Minute-Marker futures contracts include NYMEX Crude Oil (6C), NYMEX RBOB Gasoline (6R) and NYMEX Heating Oil (6H), which will be listed for up to one month, and the second month will be listed ten business days prior to the expiration of the front month contract.
This development is a major step forward for the European and US commodity markets and we are delighted to be partnering with NYMEX in this.
The potential transaction also contemplates that Nymex will repurchase the 816 New York Mercantile Exchange memberships upon closing of the potential acquisition for an aggregate purchase price not to exceed $500 million, the two exchange operators said.
27, when the September NYMEX futures contract expired, the difference, or spread, between the average price of the two near-month NYMEX gas futures contracts (September and October) and the average price of the five winter-month NYMEX futures gas contracts (November '04-March '05) was just under $1.
We are anticipating strong demand from the OTC Energy and Metals Institutional Communities looking for improved liquidity, anonymity, and lower brokerage fees on NYMEX ClearPort" said Peter Maragos, LiquidityPort's CEO.
Yesterday, August 8, NYMEX Brent futures had record trading volume of 90,390 contracts, compared to 68,893 on July 19[sup.
NYMEX will list seasonal and annual nitrogen oxide emission allowance futures contracts for years 2009 to 2012.
Some of the measures NYMEX instituted include: improving recycling and waste reductions practices, including composting of all organic kitchen waste; purchasing renewable energy credits for 100% wind power at its facility; installing new carbon dioxide and humidity sensors around the building, allowing NYMEX to control the outside air ventilation system based on occupancy and space demand instead of constant volume.
Capozza added, "If the shareholders approve the sale, we will seek damages to compensate the shareholders for billions of dollars NYMEX management left on the table.
Futures, Options & Derivatives, 28 & 29 March, NYMEX London Geopolitics of Energy, 8 & 9 May, Geneva Energy Risk Management, 15 & 16 June, NYMEX London Technical Analysis of Energy & Metals, 19 & 20 June, NYMEX London Product Trading & Arbitrage, 20 & 21 June, NYMEX London Crude Trading Supply & Arb Urals, 21 & 22 September, NYMEX London Fundamentals of Refining, 25 & 26 September, NYMEX London Full schedule is available online at http://www.