The New York Mercantile Exchange (NYMEX), located in the heart of New York City, is one of the worlds leading derivatives exchanges. It is home to a broad range of products, ranging from traditional energy futures and options to electronic financial and commodity futures. NYMEX is regulated by the U.S. Commodity Futures Trading Commission (CFTC).
NYMEX began operations in 1882, when the Consolidated Exchange of New York opened its first office. The NYMEX of today is a descendant of the many exchanges that have operated over the years under different names and management. NYMEX has been a key player in the evolution of futures markets from open outcry trading floors to fully computerized trading systems.
NYMEX has several different product lines, consisting of energy, financial and metals contracts. In the energy area, NYMEX offers futures and options contracts for crude oil and natural gas, heating oil, gasoline, and propane. With its financial products, it provides futures and options on the Dow Jones Industrial Average (DJIA) and the S&P 500. Finally, NYMEXs metals products include such precious metals as gold, silver, palladium, and platinum.
The NYMEX pits are buzzing with traders involved in all aspects of the commodity markets. Trading floor participants include individual and institutional traders, brokers, and market makers, as well as market analysts and specialists. All of these participants work together to support a market in which supply and demand are balanced in order to achieve the fair price discovery that is essential to all successful markets.
By joining NYMEX, members can access the latest market data, charts, analysis, and news, as well as call center support. They are provided with all the tools they need to engage in professional trading activities. NYMEX also charges fees for its services, though these vary depending on the product or service being used.
In addition to providing a trading venue for derivatives, NYMEX also invites members to participate in various industry events, such as volatility seminars, roundtables, and other educational sessions. It also publishes regularly updated information regarding its products and services, giving traders the information they need to succeed in their chosen markets.
NYMEX is an established leader in the futures and options world and is committed to providing traders with an efficient and transparent marketplace to trade their products. With its suite of products, services, and educational resources, NYMEX is the perfect choice for anyone looking to get involved in futures and options trading.