NYMEX is the biggest of equity commodity markets, where to trade noble metals and energy products. The NYMEX is the exchange to trade derivative contracts (futures and option contracts) written on oil (WTI), heating oil, natural gas, electricity, platinum, palladium, environmental products; while other materials such as gold, silver, and aluminium are traded through the COMEX (division of the NIMEX). These transactions come through the CME Globex® electronic trading system and the NYMEX ClearPort® system. This stock exchange has been active for more than 135 years and everyday hundreds of thousands of transactions in more than 400 energy markets are exchanged through the NYMEX ClearPort®. These transactions are managed by the clearing house that acts as a counterparty in any exchange. This market was the first to experiment the development of energy futures and option contracts in 1978. The exchanges are traded between 7.00 p.m. on Sunday and 2.30 p.m. on Friday with a 45 minute break between 2.30 p.m. and 3.15 p.m..
Editor: Claudio DICEMBRINO