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Table 4.XVII

New York City (NYC)
Commodity Exchanges

 
     
 

NYMEX
(Wholly owned by CME Group as of August 2008)

One North End Ave., World Financial Center
New York, NY 10282-1101
Tel: (212) 299-2000
www.cmegroup.com
 
     
 

Key Statistics for CME Group

  • 2012 Net income: $906.7 million
  • 2012 Average Daily Volume of contracts traded (in thousands): interest rate 4,834; Equity 2,560; Foreign Exchange 845; Agriculture Commodity 1,140; Energy 1,692; Metal 1,352
  • 2012 Average daily volume of contracts: 11,423
  • Total Notional Value of contracts: $806 trillion
  • Total Trading Volume (round turn trades):2,890,036
  • Open Interest of Year End ( contracts): 69,894

The New York Mercantile Exchange, Inc., founded in 1871, is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals. Futures and options contracts traded by Exchange include: crude oil, gasoline, heating oil, natural gas, electricity, gold, silver, copper, aluminum, and platinum; futures contracts for coal, propane, and palladium; and options contracts on the price differentials between crude oil and gasoline, crude oil and heating oil, and various futures contract months (calendar spreads) for light, sweet crude; Brent crude oil; gasoline; heating oil; and natural gas.

Transactions executed on the Exchange avoid 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 26 years ago as means of bringing price transparency and risk management to this vital market.

On August 22, 2008, NYMEX Holdings Inc. merged into CMEG NY Inc., a wholly-owned subsidiary of CME Group.

 

 

Intercontinental Exchange (ICE)

(formerly known as the New York Board of Trade)
One North End Avenue
New York, NY 10282
Tel: (212) 748-4000
www.theice.com
 
     
 

Key Statistics for ICE

  • 2012 Consolidated Revenue: $1.36 Billion
  • 2012 Consolidated transaction and clearing fee revenues totaled $1.19 Billion
  • 2012 Futures Volume: 847 Million Contracts, ADV: 3.4 Million Contracts

In 1998, the union of the Coffee, Sugar & Cocoa Exchange, Inc. (CSCE - founded in 1882) and the New York Cotton Exchange (NYCE - founded in 1870) created the New York Board of Trade (NYBOT). NYBOT traded coffee, cocoa, sugar, frozen concentrate orange juice, and a variety of currency futures and options: Euro-based currency pairs; U.S. dollar-paired currency pairs. Other key cross-rate currency contracts; U.S. Dollar Index (USDX). In January 2005, Intercontinental Exchange (ICE) acquired NYBOT, which is known today as ICE Futures U.S.

 
     
 
Sources:
CME Group.com
Intercontinental Exchange
 

 

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