Business & Headquarters
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
2013 Key Statistics for CME Group:
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
www.theice.com
2013 Key Statistics for ICE:
TIn 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 2005, Intercontinental Exchange (ICE) acquired NYBOT, which is known today as ICE Futures U.S. In 2013, the organization acquired the New York Stock Exchange (NYSE) Euronext
Source:
CME Group.com Intercontinental Exchange