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The New Jersey Mail Systems Management Association
& Cushman & Wakefield, Inc.
Present:
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The New York Mercantile Exchange Site Tour
The New York Mercantile Exchange, Inc., is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals. The Exchange has stood for market integrity and price transparency throughout its 130-year history. Transactions executed on the Exchange mitigate the risk of counterparty default because the Exchange clearinghouse acts as the counterparty to every trade. Trading is conducted through two divisions, the NYMEX Division, home to the energy, platinum, and palladium markets; and the COMEX Division, on which all other metals trade.
The Exchange pioneered the development of energy futures and options contracts 25 years ago as means of bringing price transparency and risk management to this vital market. The Exchange plays a vibrant role in the commercial, civic, and cultural life of New York. It provides thousands of jobs in the financial services and allied industries and, through the New York Mercantile Exchange Charitable Foundation, supports cultural and social service programs in the downtown community as well as broader charitable endeavors in the metropolitan area. We invite you to explore our site and learn more about the Exchange, our markets, and other information of public interest.
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M U S E U M I N F O R M A T I O N |
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The trading pits have been centers of drama, history, and financial excitement for more than 125 years. Now you can trace this history at our new museum, and catch the excitement of New York's largest commodity exchange as you view trading first-hand from our visitor’s galleries.
"Loud jackets, louder voices, wild gestures"
The New York Mercantile Exchange is the largest physical commodities trading forum in the world. In the Exchange's famous trading rings, traders shout buy and sell offers to each other and trade billions of dollars worth of oil, gold, silver, natural gas, electrical power, and other commodities.
Distinctive, colored jackets and strong voices make all the difference for traders who gesture frantically as they compete to buy and sell orders for themselves and hundreds of thousands of customers. This unique, face-to-face method of trading — called open outcry — serves to make trading on the Exchange extremely fluid, quick, and exciting.
From our visitors' galleries you can see the excitement of trading in the rings. At the Exchange museum, you can see how futures trading developed and how it's used today to buy or sell strategic global commodities. |
Click on the link below for directions by ferry to the WFC / NYMEX
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http://www.nywaterway.com/colgate_wldfinctr.html
Click on the link below for additional directions to the New York Mercantile Exchange
http://www.mapquest.com/main.adp
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New York Mercantile Exchange
World Financial Center
One North End Avenue
New York, NY 10282-1101
Telephone: (212) 299-2000 |
Click on the LINK below for further information about NYMEX
http://www.nymex.com/jsp/index.jsp
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