NYMEX is a commodity trading exchange founded in 1872 and acquired by the CME Group in 2008.
The exchange presents futures and options for various metals, energy carriers and agricultural commodities.
NYMEX was once an open market with trading pits, but like most exchanges today, it is becoming increasingly electronic.
Trading on the NYMEX accounts for a large percentage of the CME’s total trading volume.
NYMEX’s contribution to the CME group from the acquisition was a significant selection of energy products, metals contracts and agricultural contracts.
Agribusiness is a combination of the words “agriculture” and “business” and refers to any business related to agriculture and commercial activities related to agriculture.
Automated Account Transfer Service (ACATS) can be used to transfer stocks, bonds, cash, mutual funds, mutual funds, options, and other investment products.
Cash and carry arbitrage seeks to exploit pricing inefficiencies between the spot and futures markets for an asset by going long on the spot market and going short on the futures contract.
The dealer market is a transparent financial market mechanism in which several dealers publish the prices at which they are willing to buy or sell a particular security.