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New York Mercantile Exchange (NYMEX)

The world's largest physical commodity futures exchange.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
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Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Additional NYMEX WTI Houston Crude Oil Futures records reached include record open interest of 4,004 contracts as of February 7, surpassing the earlier record of 1,824 contracts set on February 6 and record single-day trading volume of 4,430 contracts traded on February 7, surpassing the previous record of 2,232 contracts traded on January 31
After reaching record highs during the previous month, in December, the daily average traded volume for NYMEX WTI contracts dropped by a hefty 161,601 lots, down 12.4%, to 1,141,952 contracts, while that of ICE Brent was 159,191 con- tracts lower, down a substantial 17.1% at 773,796 lots.
Open interest for NYMEX Brent set a record of 155,713 on November 6, surpassing the 150,000 contracts milestone for the first time ever, it said.
Seller, CME Group, NYMEX's parent company, were represented in the sale by Holly Duran and Jeff Mulder of Holly Duran Real Estate Partners LLC, CME's global real estate advisor since 1980.
Electronically traded Nymex energy options now eclipse open-outcry activity, up from less than one-quarter a year ago.
Under the terms being discussed, shareholders of Nymex would receive $36 in cash and 0.1323 of a share of CME Group's common stock in exchange for each Nymex share, they said.
Light, sweet crude for February delivery gained 46 cents to 96.44 US dollars in Asian trading on the New York Mercantile Exchange (NYMEX).
NYMEX Holdings and Evolution Markets have formed a consortium of some of the nation's leading financial institutions to launch the Green Exchange, a commodities trading marketplace in which U.S.-based companies could buy and sell the right to emit carbon dioxide and other environmental pollutants.
The New York Mercantile Exchange Inc has revealed it is to migrate its after hours energy futures contract to the CME Globex electronic trading platform, from NYMEX ACCESS, the exchange's after-hours electronic trading system.
The launch of an open outcry trading pit by the New York Mercantile Exchange (Nymex) in the City of London marks a rapid return for the floor traders, many of whom feared the activity had been lost following the closure of the International Petroleum Exchange's pit in April.
NORDIC BUSINESS REPORT-17 August 2005-OMX signs five-year agreement for IT services with NYMEX Europe(C)1994-2005 M2 COMMUNICATIONS LTD http://www.m2.com