The New York Mercantile Exchange (NYMEX) is a commodity futures exchange headquartered in Manhattan's Battery Park City, tracing its origins to the 1872 Butter and Cheese Exchange and taking its current name in 1882; the Commodity Exchange (COMEX), formed in 1933, merged into it in 1994. NYMEX provides the trading venue whose quoted prices form the basis for global commodity prices in crude oil, natural gas, metals, coal and electricity, and it operates as a designated contract market regulated by the Commodity Futures Trading Commission. Originally member-owned, it went public in 2006 and was acquired by CME Group in 2008 for 11.2 billion US dollars; its physical trading pit closed permanently in 2016 in favor of electronic trading.
Facts
Founding Year HeadquartersOne North End Avenue, Manhattan, New York City 10285, United States 1 Geography
Country or Jurisdiction ServedWikidata Q120233, property P17 (country). Classification
Institution Subtype In the Other Atlases
Sources
1. New York Mercantile Exchange, Wikipedia
Infobox, Founded
1882; 144 years ago (1882)
Infobox, Headquarters
One North End Avenue Manhattan, New York City 10285 United States
Introduction, institution-subtype-p2
Later, NYMEX Holdings, Inc., the former parent company of the New York Mercantile Exchange and COMEX, went public and became listed on the New York Stock Exchange on November 17, 2006, under the ticker symbol NMX.
View the Source2. Wikidata
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