New York Mercantile Exchange NYMEX
Definition of 'New York Mercantile Exchange NYMEX'
Located in New York City it is the world's largest physical commodity futures exchange. Its two principal divisions are the New York Mercantile Exchange and the New York Commodities Exchange (COMEX). These were once independent companies but are now merged.
The New York Mercantile Exchange handles billions of dollars worth of energy products such as light sweet crude oil, gasoline, natural gas, and metals such as aluminum, copper, gold, silver. During the day session these products are traded on the floor through the pits but overnight the markets continue to be open electronically.
The official address of the NYMEX headquarters and trading facility is One North End Avenue, New York, NY 10282-1101.
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