New York Mercantile Exchange


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Related to New York Mercantile Exchange: COMEX

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.

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.
References in periodicals archive ?
"Armageddon is on the way," prophesies Levin of the New York Mercantile Exchange. He fully expects the lights to go out in California many times this summer unless its government wises up and forces businesses to contract directly with power companies for electricity.
The operations of the New York Mercantile Exchange (NYMEX), another ISRI member, were disrupted for several days by the widespread damage caused by the attack.
Gold for December delivery was recently up 0.9 percent at $1,339.50 a troy ounce on the Comex division of the New York Mercantile Exchange in electronic trading.
Meanwhile, the US crude price for March delivery at New York Mercantile Exchange (NYMEX) went down by USD 1.18, settling at USD 49.07 per barrel.
Benchmark U.S.oilfor February delivery was down 20 cents to $98.71 a barrel in electronic trading on the New York Mercantile Exchange.
WTI for December delivery was at $97.48 a barrel in electronic trading on the New York Mercantile Exchange, up 37 cents, at 11:33am London time.
Gold futures for December delivery rose $15.00 from Thursday to close at $1,631.20 an ounce on the New York Mercantile Exchange.
$62.04 per barrel on the New York Mercantile Exchange, up $1.94 from Tuesday's finish and the highest closing since November last year.
Corporate sponsors of the event include North Fork Bank (title sponsor); American Airlines, the official airline of the Starlight Starbright Children's Foundation NY*NJ*CT; Aramark; Cougar Trading, LLC; New York Mercantile Exchange Charitable Foundation; University Sports Publications; Cool Breeze Air Conditioning Incorporated and Excel Security.
In international oil markets, the Brent crude oil price dropped in futures by 58 cents, to reach USD 77.75 pb in London Stock Exchange, while in the New York Mercantile Exchange (NYMEX), the US crude oil fell by 40 cents to reach USD 73.69 pb.
crude fell $1.54 to $93.30 on the New York Mercantile Exchange.
WTI for June delivery fell as much as 77 cents, or 0.8 per cent, to $93.44 a barrel and was at $93.63 on the New York Mercantile Exchange at 11:15 am London time.

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