New York Mercantile Exchange


Also found in: Dictionary, Acronyms, Encyclopedia, Wikipedia.
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 ?
We are thrilled to have the New York Mercantile Exchange Charitable Foundation support Big Apple Fest.
Chairman Rappaport and the members of the New York Mercantile Exchange have made a real commitment to New York with the decision to stay in downtown Manhattan.
23 per barrel in spot trading Friday on the New York Mercantile Exchange.
The Downtown market should be helped by the expansion needs of Wall Street powerhouses, like Lehman Brothers, the New York Mercantile Exchange, Morgan Guaranty, Goldman Sachs and Kidder Peabody.
475 a troy ounce on the New York Mercantile Exchange.
In the same landmark historic district are the former New York Mercantile Exchange, the former New York Hospital and several buildings with municipal functions.
The exchange will join the New York Mercantile Exchange in adopting an electronic trading system run by French futures exchange Marche a Terme International de France, or MATIF.
2--Color) New York Mercantile Exchange traders deal in crude oil.

Full browser ?