New York Mercantile Exchange, NYMEX
It is the world's largest commodities exchange. It consists of 2 trading floors: NYMEX which trades hydrocarbons, electricity, platinum, palladium, and COMEX (gold, silver, copper, aluminum. It is founded by a group of New York traders of dairy products in 1872 as Butter and Cheese Exchange of New York. In 1882 it got the current name. In 1970-1980 the stock exchange gradually refused from agricultural trade and switched to industrial products. It executes transactions with futures and options on commodities, nonferrous and precious metals, electric energy. In 1994 it merged with Commodity Exchange Inc. It has been under the administration of NYMEX Holdings Inc. since 2000.
Trading volume: 215,2 million contracts (2005). Profit: $71,1 million (2005).
After "9/11" the stock exchange which is located near WTC had to stop its work for 4 days.
Contacts
Location: World Financial Center, One North End Avenue, New York, NY 10282-1101, USA; tel./fax: +1 (212) 299 2000; website: www.nymex.com, e-mail: marketing@nymex.com.
2009 List of Holidays :
| Day | Holyday |
| January 1 | New Year's Holiday |
| January 19 | Martin Luther King Day |
| February 16 | President's Day |
| March 10 | Good Friday |
| May 25 | Memorial Day |
| July 3 | Independence Day |
| September 7 | Labor Day |
| November 26 | Thanksgiving |
| December 25 | Christmas Holiday |