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New York Cotton Exchange (NYCE)
A historic commodities exchange in New York which traded futures and options on cotton, frozen concentrated orange juice, and potatoes, as well as interest rate, currency, and index futures and options. In June 2004, the NYCE merged with the Coffee, Sugar and Cocoa Exchange to form the New York Board of Trade. As a result of this merger, all previous exchanges and subsidiaries ceased to exist, including the Coffee, Sugar, & Cocoa Exchange, the New York Cotton Exchange, the Citrus Associates of the New York Cotton Exchange, the New York Futures Exchange (NYFE), and the FINEX Exchange. All markets are now referred to as the New York Board of Trade or NYBOT.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
New York Cotton Exchange
A commodity exchange in New York City. Established in 1870, it trades cotton and cotton derivatives almost exclusively, though it has established subsidiaries over the years to trade commodities like citrus and wool. It was a very important exchange in the United States for much of the late 19th and early 20th centuries because of the centrality of cotton to the American economy. In 1998, it became a subsidiary of the New York Board of 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.