Published On: Mon, Feb 11th, 2013


The NYMEX (New York Mercantile Exchange) refers to the New York, USA based exchange that specializes in physical commodity futures.

The exchange is managed in two parts the NYMEX Division, where Petroleum Energy, Palladium and Platinum futures are traded.  Copper, Gold and Silver futures contracts are traded at the COMEX Division of the exchange.  The NYMEX uses both an electronic trading format and the Open Outcry trading format.  The NYMEX and the COMEX are the main trading centers for Precious Metals in the USA, whereas the bulk of Precious Metals trading in the UK are done at the LME, or London Metals Exchange.

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About the Author

- Marcus Holland has been trading the financial markets since 2007 with a particular focus on soft commodities. He graduated in 2004 from the University of Plymouth with a BA (Hons) in Business and Finance.