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New York Mercantile Exchange, Inc. Online Rulebook
New York Mercantile Exchange, Inc. Online Rulebook |
| Ebook - Finance | |
| Saturday, 10 January 2009 | |
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The Exchange has stood for market integrity and price transparency for more than 135 years. Transactions executed on the Exchange avoid the risk of counterparty default because the NYMEX clearinghouse acts as the counterparty to every trade. Trading is conducted in energy, metals, softs, and environmental commodity futures and options via the CME Globex electronic trading system, open outcry, and NYMEX ClearPort. NYMEX pioneered the development of energy futures and options contracts in 1978 as means of bringing price transparency and risk management to this vital market. We invite you to explore our site and learn more about NYMEX, our markets, and other information of public interest. NYMEX provides markets for the trading and clearing of crude oil, gasoline, heating oil, natural gas, electricity, propane, coal, uranium, environmental commodities, softs, gold, silver, copper, aluminum, platinum, and palladium. Many different types of options are also available for most of these products, including options on the price differentials between crude oil and its products (crack spreads), various futures contract months (calendar spreads), and European- and Asian-style options. In addition to its benchmark, physically-delivered products, NYMEX also offers financially settled full-sized and NYMEX miNY™ contracts. The NYMEX ClearPort clearing system helps the marketplace mitigate counterparty credit risk by processing off-exchange transactions through NYMEX’s clearinghouse in the same manner as the Exchange's core futures contracts. Each day, hundreds of thousands of transactions in more than 400 energy markets are cleared through the NYMEX ClearPort clearing system. Read New York Mercantile Exchange, Inc. Online Rulebook Online Chapter Topic Bookmark
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