New York Mercantile Exchange - NYMEX

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Dictionary Says

Definition of 'New York Mercantile Exchange - NYMEX'

The world's largest physical commodity futures exchange. Trading is conducted through two divisions: the NYMEX Division, which is home to the energy, platinum and palladium markets, and the COMEX Division, where metals like gold, silver and copper and the FTSE 100 index options are traded. The NYMEX uses an outcry trading system during the day and an electronic trading system after hours.
 
You'll hear the NYMEX referred to as "The Merc".
Investopedia Says

Investopedia explains 'New York Mercantile Exchange - NYMEX'

In 1872, a group of dairy merchants founded "The Butter and Cheese Exchange of New York", and in 1994, the NYMEX merged with the COMEX (commodity exchange). Futures and options on energy and precious metals have become great tools when companies try to manage risk by hedging their positions. The ease with which these instruments are traded is vital to hedging activities and gauging future prices, making the NYMEX a vital part of the trading and hedging worlds. 

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'New York Mercantile Exchange (NYMEX)'

  • Fueling Futures In The Energy Market

    http://www.investopedia.com/articles/optioninvestor/07/energy_market.asp
    ... Exchange (ICE). Here, we will only look at the contracts traded at the
    New York Mercantile Exchange (NYMEX). Crude Crude accounts ...

  • Commodities: Gold | Investopedia

    http://www.investopedia.com/university/commodities/commodities8.asp
    ... To trade a gold contract on the New York Mercantile Exchange (NYMEX) requires
    a margin of $4,455, which is approximately 5% of the face value. ...

  • Commodities: Copper | Investopedia

    http://www.investopedia.com/university/commodities/commodities3.asp
    ... Copper Exchanges The futures contract for copper is traded at the New York Mercantile
    Exchange (NYMEX) through its Commodity Exchange (COMEX) division and ...

  • Commodities: Crude Oil | Investopedia

    http://www.investopedia.com/university/commodities/commodities6.asp
    ... To trade a crude oil contract on the New York Mercantile Exchange (NYMEX) a trader
    may be required to maintain a margin of $8,775, which is approximately 8% of ...

  • Who sets the price of commodities?

    http://www.investopedia.com/ask/answers/06/commodityprices.asp
    ... commodity exchanges around the world such as the Chicago Mercantile Exchange, Winnipeg
    Commodities Exchange (WCE) and the New York Mercantile Exchange (NYMEX). ...

  • Commodities: Silver | Investopedia

    http://www.investopedia.com/university/commodities/commodities18.asp
    ... Silver Exchanges The futures contract for silver is traded at the New York Mercantile
    Exchange (NYMEX) through its Commodity Exchange (COMEX) division via open ...

  • Commodities: Natural Gas | Investopedia

    http://www.investopedia.com/university/commodities/commodities12.asp
    ... Natural Gas Exchanges The futures contract for natural gas is traded at the New
    York Mercantile Exchange (NYMEX, US Futures Exchange (USFE), Intercontinental ...

  • Commodities: Heating Oil | Investopedia

    http://www.investopedia.com/university/commodities/commodities9.asp
    ... Heating Oil Exchanges The futures contract for heating oil is traded at the New
    York Mercantile Exchange (NYMEX), the Intercontinental Exchange (ICE) and Multi ...

  • Commodities: Platinum | Investopedia

    http://www.investopedia.com/university/commodities/commodities15.asp
    ... The futures contract for platinum is traded at the New York Mercantile Exchange
    (NYMEX) through its Commodity Exchange (COMEX) division via open-outcry. ...

  • How Does Crude Oil Affect Gas Prices?

    http://www.investopedia.com/articles/economics/08/crude-and-gas-prices.asp
    ... futures market. In America, WTI crude-oil futures are traded through the
    New York Mercantile Exchange (NYMEX). European oil futures ...

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