DEFINITION of 'New York Futures Exchange - NYFE'
A former subsidiary of the New York Cotton Exchange (NYCE). The New York Futures Exchange traded options and futures on the NYSE Composite Index. The NYCE was acquired by the New York Board of Trade (NYBOT) in 2003.
BREAKING DOWN 'New York Futures Exchange - NYFE'
The NYCE joined the Coffee, Cocoa and Sugar Exchange in 1998, to form the New York Board of Trade (NYBOT). NYBOT was acquired in January, 2007 by IntercontinentalExchange (ICE), which changed NYBOT's name to ICE Futures.