Definitions for Commodity Exchange
com·mod·i·ty ex·change

Princeton's WordNetRate this definition:5.0 / 1 vote

1. commodity exchange, commodities exchange, commodities marketnoun

   an exchange for buying and selling commodities for future delivery

WiktionaryRate this definition:0.0 / 0 votes

1. commodity exchangenoun

   An organization operating under a set of bylaws aimed at promoting trade in one or more commodities by providing services and rules for the conduct of trade.

WikipediaRate this definition:0.0 / 0 votes

1. commodity exchange

   The New York Mercantile Exchange (NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago. NYMEX is located at One North End Avenue in Brookfield Place in the Battery Park City section of Manhattan, New York City. The company's two principal divisions are the New York Mercantile Exchange and Commodity Exchange, Inc (COMEX), once separately owned exchanges. NYMEX traces its history to 1882 and for most of its history, as was common of exchanges, it was owned by the members who traded there. Later, NYMEX Holdings, Inc., the former parent company of the New York Mercantile Exchange and COMEX, went public and became listed on the New York Stock Exchange on November 17, 2006, under the ticker symbol NMX. On March 17, 2008, Chicago based CME Group signed a definitive agreement to acquire NYMEX Holdings, Inc. for $11.2 billion in cash and stock and the takeover was completed in August 2008. Both NYMEX and COMEX now operate as designated contract markets (DCM) of the CME Group. The other two designated contract markets in the CME Group are the Chicago Mercantile Exchange and the Chicago Board of Trade. The New York Mercantile Exchange handles billions of dollars' worth of oil transactions, energy carriers, metals, and other commodities being bought and sold on the trading floor and the overnight electronic trading computer systems for future delivery. The prices quoted for transactions on the exchange are the basis for prices that people pay for various commodities throughout the world. The floor of the NYMEX is regulated by the Commodity Futures Trading Commission, an independent agency of the United States government. Each individual company that trades on the exchange must send its own independent brokers. Therefore, a few employees on the floor of the exchange represent a big corporation and the exchange employees only record the transactions and have nothing to do with the actual trade. Although mostly electronic since 2006, the NYMEX maintained a small venue, or "pit", that still practiced the open outcry trading system, in which traders employed shouting and complex hand gestures on the physical trading floor. A project to preserve the hand signals used at NYMEX has been published. NYMEX closed the pit permanently at the end of trading Friday, December 30, 2016, because of shrinking volume.

ChatGPTRate this definition:0.0 / 0 votes

1. commodity exchange

   A commodity exchange refers to a centralized and regulated marketplace where buyers and sellers engage in the trade of raw materials or primary products, also known as commodities. This can include metals, agricultural produce, energy sources, and other goods. The exchange involves standardized contracts and ensures transparency, efficiency, and fairness in the trading process. Future contracts, options, and other derivative contracts are common financial instruments used in commodity exchanges.

Matched Categories

1. • Exchange

How to pronounce Commodity Exchange?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say Commodity Exchange in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of Commodity Exchange in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of Commodity Exchange in Pythagorean Numerology is: 4

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=Commodity Exchange
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Commodity_Exchange
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Commodity_Exchange
4. ^ ChatGPT
   https://chat.openai.com