New York Mercantile Exchange

New York Mercantile Exchange (NYMEX)

The world's largest physical commodity futures exchange.

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New York Mercantile Exchange (NYM)

A commodity futures and options exchange with two divisions: the NYMEX Division, trading contracts for crude oil, heating oil, gasoline, natural gas, propane, platinum, and palladium, and the COMEX Division, trading contracts for gold, silver, copper, and the Eurotop 100 stock index. The current exchange is the result of a 1994 merger of the New York Mercantile Exchange and the Commodity Exchange (COMEX). The New York Mercantile Exchange opened NYMEX ACCESS, an after-hours trading system.

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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.