The New York Futures Exchange was established at 1998, which was formed by the merger of new york Cotton Exchange and Coffee Sugar Cocoa Exchange. The newly established New York Futures Exchange has a membership system, and its members are also members of the original two exchanges, including 450 cotton members and 500 coffee, sugar and cocoa members. As the merger will not be completed until 2005, these two types of members cannot trade varieties with each other.

The 450 cotton members of the New York Futures Exchange come from five companies: traders, brokers, cotton merchants, cotton mills and cotton cooperatives. Cotton futures trading involves many cotton-related enterprises, and the hedging ratio is high, generally around 35%~40%. Because of its huge market scale, it is difficult for any trader or traders to manipulate the market for a long time.

The original site of the New York Futures Exchange is in an annex building of the World Trade Center. After the "9. 1 1 incident", they moved to a temporary trading place. Because this trading place is much smaller than the World Trade Center, all varieties can only be traded in time. The trading time of cotton is 1 1 to 12 every morning. The trading method of cotton futures is the traditional open outcry.

Response time: 2021-10-15. Please refer to the latest business changes announced by Ping An Bank in official website.

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