New York Mercantile Exchange
The new York Mercantile exchange New York Mercantile Exchange (NYMEX) (NYSE: NMX)founded at 1872, take the 1st place in the world for trading oil futures. On the New York Mercantile Exchange traded contracts for oil, gas, platinum, palladium, gold, silver, copper and aluminum. According to the data of Futures Industry Association in the year 2006 was concluded 216 billions of deals. In 2006, the revenue of the NYMEX was $497,3 million, net profit - $154.8 billion. Capitalization - 11,4 billion of USD.
Official site of the exchange New York Mercantile Exchange (NYMEX): www.nymex.com
At this time, the NYMEX is the largest centre in the world for trade in metals and energy.
Exchange New York Mercantile Exchange founded in 1872 -?? year and up to 1882 was the name Butter, Cheese and Egg Exchange. The purpose of its creation was the standardization of terms of contracts and organization in new York of a civilized market.
In NYMEX includes three subdivisions:
The NYMEX, which represents a market of energy resources from oil to electricity, as well as platinum and palladium;
COMEX (commodity exchange), which represents a market of metals from gold and aluminium;
NYMEX miNY, which represents a market mini contracts.
There is an electronic version that provides access to the exchange traders and small investors.
On the new York Mercantile exchange kept trades futures and options contracts for crude oil, gasoline, fuel oil, natural gas, electricity, gold, silver, aluminum and platinum. Futures contracts for coal, propane and palladium; option contracts on the difference of prices of crude oil and gasoline, crude oil and heavy fuel oil, crude oil Brent and West Texas Intermediate, and many of futures on monthly contracts (calendar spread) for oil Light sweet and Brent, gasoline, fuel oil and of natural gas.
The price requested for transactions on the stock exchange NYMEX based on the price that people pay around the world. Exchange NYMEX is regulated by the Commission on the futures trade in goods (Commodity Futures Trading Commission (CFTC), an independent Federal Agency under the Government of the United States, created in 1974 for the regulation of futures and options transactions on purchase/sale of the goods and protection of the participants of the futures commodity markets from unfair trade and fraud. Each company, trading on the stock exchange must provide their independent broker. Thus, several people on the site, are large Corporation, in exchange they only record of the transaction and are not connected with the real trade.
On the exchange NYMEX operates two divisions: - NYMEX on which are traded all energy resources (oil, gasoline, fuel oil, natural gas, electricity, etc.), as well as platinum and palladium, and COMEX (commodity exchange) where the trade is carried out other metals (gold, silver, copper, aluminum) On the NYMEX as organized by the trade mini contracts - NYMEX miNY.
The headquarters of the NYMEX and trade sites are located at One North End Avenu, New York, NY 10282-1101. Additional offices in Houston, Washington, London and Hong Kong.
