The New York Mercantile Exchange (NYMEX) is the world's largest physical commodity futures exchange located in New York City. Its two principal divisions are the New York Mercantile Exchange and the New York Commodities Exchange (COMEX) which were once independent companies but are now merged. The New York Mercantile Exchange Logo This is a copyrighted and/or trademarked logo. ... Jump to: navigation, search The World in plate carrée projection The World In English, world is rooted in a compound of the obsolete words were, man, and eld, age; thus, its oldest meaning is age or life of man. Its primary modern meaning is the planet Earth, especially when... Jump to: navigation, search The word commodity is a term with distinct meanings in business and in Marxian political economy. ... A futures exchange, or futures and options exchange is a corporation or mutual organization which provides the facilities to trade futures contracts and options. ... New York City, officially named the City of New York, is the most populous city in the United States, the most densely populated major city in North America, and is at the center of international finance, politics, entertainment, and culture. ... A company in the broadest sense is an aggregation of people who stay together for a common purpose. ... This page deals with the combination of two companies into one. ...

The New York Mercantile Exchange handles billions of dollars worth of energy products, metals, and other commodities being bought and sold on the trading floor and the overnight electronic trading computer systems. The prices quoted for transactions on the exchange are the basis for prices that people pay for throughout the United States and the World. Energy is a fundamental quantity that every physical system possesses. ... For alternative meanings see metal (disambiguation). ... Look up Trade in Wiktionary, the free dictionary Trade centers on the exchange of goods and/or services. ... Sell can mean: A verb relating to Sales Sell (professional wrestling) In Investing to give up control of an asset in exchange for a valuable consideration. ... A fruit stand at a market. ... Jump to: navigation, search A computer is a device or machine for processing information from data according to a program — a compiled list of instructions. ... A financial transaction involves a change in the status of the finances of two or more businesses or individuals. ... Jump to: navigation, search The World in plate carrée projection The World In English, world is rooted in a compound of the obsolete words were, man, and eld, age; thus, its oldest meaning is age or life of man. Its primary modern meaning is the planet Earth, especially when...

The New York Mercantile Exchange, Inc. is a private company which plays a vibrant role in the commercial, civic, and cultural life of New York and supports thousands of jobs. The floor of the NYMEX is regulated by the Commodity Futures Trading Commission, an independent agency of the United States Government. Each individual company that trades on the exchange must send their own independent brokers. Therefore, a few employees on the floor of the exchange represent a big corporation and the exchange employees only record the transactions and have nothing to do with the actual trade. A company in the broadest sense is an aggregation of people who stay together for a common purpose. ... The Commodity Futures Trading Commission (CFTC) is an independent agency of the United States Government, created by Congress in 1974. ... Federal independent agencies were established through separate statutes passed by Congress. ... The government of the United States, established by the United States Constitution, is a federal republic of 50 states, a few territories and some protectorates. ... A corporation is a legal entity (distinct from a natural person) that often has similar rights in law to those of a Civil law systems may refer to corporations as moral persons; they may also go by the name AS (anonymous society) or something similar, depending on language (see below). ...

On February 26, 2003, The New York Board of Trade (NYBOT) signed a historic lease agreement with the NYMEX to move into its World Financial Center headquarters and trading facility after the NYBOT's original headquarters and trading floor was destroyed in the September 11, 2001 Terrorist Attacks on the World Trade Center. [1] February 26 is the 57th day of the year in the Gregorian Calendar. ... 2003(MMIII) is a common year starting on Wednesday of the Gregorian calendar. ... The New York Board of Trade (NYBOT) is a physical commodity futures exchange located in New York, New York. ... The World Trade Center on fire The September 11, 2001 attacks were a series of coordinated terrorist attacks against the United States on September 11, 2001. ... Jump to: navigation, search This article is about the World Trade Center complex in New York City; see this article for the many other buildings around the world that have also been called world trade centers. The World Trade Center in New York City was a complex of seven buildings...

After the terrorist attacks, the NYMEX has built a $12 million trading floor backup facility on Long Island with 700 trader's booth, 2,000 telephones, and a backup computer system. This expensive backup is needed in case of another terrorist attack on Lower Manhattan or a natural disaster. [2] This article needs to be cleaned up to conform to a higher standard of quality. ... Jump to: navigation, search A telephone handset A touch-tone telephone dial Telephone Complex relay used in a telephone switching system. ... Jump to: navigation, search A natural disaster is a catastrophe that occurs when a hazardous physical event (such as a volcanic eruption, earthquake, landslide, hurricane, or any of the other natural phenomena listed below) precipitates extensive damage to property, a large number of casualties, or both. ...

History of the exchange

Commodity exchanges began in the middle of the 19th century, when businessmen began organizing market forums to make buying and selling of commodities easier. These marketplaces provided a place for buyers and sellers to set the quality, standards, and establish rules of business. By the late 1800s about 1600 marketplaces had sprung up at ports and railroad stations. In 1872, a group of Manhattan dairy merchants got together and created the Butter and Cheese Exchange of New York. Soon, egg trade became part of the business conducted on the exchange and the name was modified to the Butter, Cheese, and Egg Exchange. In 1882, the name finally changed to the New York Mercantile Exchange when opening trade to dried fruits, canned goods, and poultry. As centralized warehouses were built into principal market centers such as New York and Chicago in the early 20th century, exchanges in smaller cities began to disappear giving more business to the exchanges such as the NYMEX in bigger cities. In 1933, the COMEX was established through the merger of four smaller exchanges; the National Metal Exchange, the Rubber Exchange of New York, the National Raw Silk Exchange, and the New York Hide Exchange. On August 3, 1994, the NYMEX and COMEX finally merged under the NYMEX. Now, the NYMEX operates in a state of the art trading facility and office building with two trading floors in the World Financial Center in downtown Manhattan. Alternative meaning: Nineteenth Century (periodical) (18th century — 19th century — 20th century — more centuries) As a means of recording the passage of time, the 19th century was that century which lasted from 1801-1900 in the sense of the Gregorian calendar. ... Events and Trends Beginning of the Napoleonic Wars (1803 - 1815). ... Seaport, a painting by Claude Lorrain, 1638 A port is a facility at the edge of an ocean, river, or lake for receiving ships and transferring cargo and persons to them. ... Passengers bustle around the typical grand edifice of Londons Broad Street station in 1865. ... Jump to: navigation, search 1872 was a leap year starting on Monday (see link for calendar). ... Jump to: navigation, search Manhattan Borough,highlighted in yellow, lies between the East River and the Hudson River. ... Dairy farm near Oxford, New York, July 2001 In many northern-hemisphere countries a dairy is a facility for the extraction and processing of animal milk (mostly from cows, sometimes from buffaloes, sheep or goats) for human consumption. ... Butter fabrication in Fügen, Austria Butter is a dairy product made by churning fresh cream. ... Jump to: navigation, search Cheese is a solid food made from the curdled milk of cows, goats, sheep, or other mammals. ... A carton of free-range chicken eggs Ostrich egg Bird eggs are a common food source. ... 1882 was a common year starting on Sunday (see link for calendar). ... Popular Japanese fashion magazine throughout the 1990s; the photography of which has recently been reissued in two collections from Phaidon press. ... Duck amongst other poultry The Poultry-dealer, after Cesare Vecellio. ... Chicago (officially named the City of Chicago) is the third largest city in the United States (after New York City and Los Angeles), with an official population of 2,896,016, as of the 2000 census. ... (19th century - 20th century - 21st century - more centuries) Decades: 1900s 1910s 1920s 1930s 1940s 1950s 1960s 1970s 1980s 1990s As a means of recording the passage of time, the 20th century was that century which lasted from 1901–2000 in the sense of the Gregorian calendar (1900–1999 in the... 1933 was a common year starting on Sunday (link will take you to calendar). ... August 3 is the 215th day of the year in the Gregorian Calendar (216th in leap years), with 150 days remaining. ... Jump to: navigation, search 1994 was a common year starting on Saturday of the Gregorian calendar, and was designated the International year of the Family. ... The World Financial Center is a complex of buildings across West Street from the World Trade Center site in Lower Manhattan, New York City This complex is home to offices of major corporations including Merrill Lynch, American Express, Lehman Brothers, among others. ... Jump to: navigation, search Manhattan Borough,highlighted in yellow, lies between the East River and the Hudson River. ...

Location

The official address of the NYMEX headquarters and trading facility is One North End Avenue, New York, NY 10282-1101. The company has additional offices in Houston, Washington D.C., London, and Hong Kong. Houston redirects here. ... Aerial photo (looking NW) of the Washington Monument and the White House in Washington, DC. Washington, D.C., officially the District of Columbia (also known as D.C.; Washington; the Nations Capital; the District; and, historically, the Federal City) is the capital city and administrative district of the United... The clock tower of the Palace of Westminster, which contains Big Ben London is the capital city of the United Kingdom and of England. ...

Commodities traded on the exchange

• Aluminum
• Coal
• Copper
• Crude oil
• Electricity
• Frozen Concentrated Orange Juice (FCOJ)
• Gasoline
• Gold
• Heating oil
• Natural gas
• Palladium
• Platinum
• Propane
• Silver

Aluminum is a soft and lightweight metal with a dull silvery appearance, due to a thin layer of oxidation that forms quickly when it is exposed to air. ... Coal is a fossil fuel extracted from the ground by deep mining, coal mining (open-pit mining or strip mining). ... General Name, Symbol, Number copper, Cu, 29 Chemical series transition metals Group, Period, Block 11, 4, d Appearance metallic brown Atomic mass 63. ... Nodding donkey pumping an oil well near Sarnia, Ontario, 2001 Petroleum (from Latin petrus – rock and oleum – oil), mineral oil, or crude oil, sometimes colloquially called black gold, is a thick, dark brown or greenish flammable liquid, which exists in the upper strata of some areas of the Earths... Electricity is a general term applied to phenomena involving a fundamental property of matter called an electric charge. ... Orange juice is sometimes naturally colored to match the color of orange rinds. ... Jump to: navigation, search Gasoline, as it is known in North America, or petrol (abbreviated from petroleum spirit), in many Commonwealth countries (sometimes also called motor spirit) is a petroleum-derived liquid mixture consisting primarily of hydrocarbons, used as fuel in internal combustion engines. ... Jump to: navigation, search General Name, Symbol, Number gold, Au, 79 Chemical series transition metals Group, Period, Block 11, 6, d Appearance metallic yellow Atomic mass 196. ... Heating oil, or burning oil, also known in the United States as , is used to fuel building furnaces (boilers). It is usually dyed to distinguish it from taxed vehicle fuel. ... Natural gas (commonly refered to as gas in many countries, but note that this is also American and Canadian slang for gasoline) is a gaseous fossil fuel consisting primarily of methane. ... General Name, Symbol, Number palladium, Pd, 46 Chemical series transition metals Group, Period, Block 10, 5, d Appearance silvery white metallic Atomic mass 106. ... General Name, Symbol, Number platinum, Pt, 78 Chemical series transition metals Group, Period, Block 10, 6, d Appearance grayish white Atomic mass 195. ... Flash point -104 °C Autoignition temperature 432 °C R/S statement R: 12 S: 9, 16, 33 RTECS number TX2275000 Supplementary data page Structure and properties n, εr, etc. ... Jump to: navigation, search General Name, Symbol, Number silver, Ag, 47 Chemical series transition metals Group, Period, Block 11, 5, d Appearance lustrous white metal Atomic mass 107. ...

See also

• List of futures exchanges

// North America Canada Montreal Exchange USA Chicago Board Options Exchange Chicago Board of Trade Chicago Butter and Egg Board, precursor to the Chicago Mercantile Exchange Chicago Climate Exchange Chicago Mercantile Exchange International Monetary Market, part of the Chicago Mercantile Exchange New York Mercantile Exchange Europe Pan-European Eurex Euronext. ...

External links

• National Futures Association
• New York Mercantile Exchange Official Website