the New York Mercantile Exchange is the New York Mercantile Exchange.
The New York Mercantile Exchange is located in the financial center of Manhattan, New York, adjacent to the New York Stock Exchange.
Its transactions mainly involve two major categories of products: energy and rare metals, but the transactions of energy products greatly exceed the transactions of other products.
The exchange's trading methods are mainly futures and options trading, and so far, futures trading volume far exceeds options trading volume.
Nymex was acquired by CME Group in 2008.
The New York Mercantile Exchange plays an important role in the commercial, urban, and cultural life of New York.
It supports thousands of jobs in financial services and industrial alliances, and supports cultural and social service projects in the city's communities through its own charitable foundation, expanding its philanthropic efforts in the metropolis.
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In the NYMEX branch, futures and options contracts traded through public bidding include crude oil, gasoline, fuel oil, natural gas, electricity, and futures contracts for coal, propane, and palladium. The exchange's European Brent crude oil and gasoline are also traded through
Transactions are conducted through open bidding.
Also listed on the exchange are e-miNY energy futures, some light sweet crude oil, and natural gas futures contracts, which serve as an effective means of participation in the energy market, providing opportunities for small investors and businessmen.
Contracts are traded through the Chicago Mercantile Exchange's GLOBEX electronic trading system and cleared through the New York Mercantile Exchange's clearinghouse.
Listed on the COMEX division are futures and options contracts for gold, silver, copper, and aluminum.
During the 18 hours when the trading venue is closed, energy and metals contracts on the NYMEX division and the COMEX division can be traded through the NYMEXACCESS electronic trading system built on the Internet, allowing Japan, Singapore, Hong Kong, London, and
Swiss participants actively participate in energy and metals futures markets during their normal working hours.
Market integrity is ensured through market, transaction and financial supervision systems.
As the final transaction object of every transaction, the clearinghouse plays the role of the buyer when facing the seller, and plays the role of the seller when facing the buyer.
Through the clearinghouse's margin system, the credit risk of both parties to the transaction is mitigated when market participants trade on the exchange.