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Table 3.XXIX |
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Commodity Exhanges |
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New
York Mercantile Exchange 1 North End Ave., World Financial Center New York, NY 10282-1101 Tel: (212) 299-2000 www.nymex.com |
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| 2007 Net income:
$224.0 million 2007 Volume of futures and options contracts traded and cleared: 246.8 million 2007 Average daily volume of contracts: 1.4 million Number of members : NYMEX- 816, COMEX- 772 |
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| 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. |
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| Source: | ||
| NYMex 2008 Annual Report (latest available) | ||
ICE
Futures U.S. (formerly known as the New York Board of Trade) One North End Avenue New York, NY 10282 Tel: (212) 748-4000 www.theice.com |
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| 2008 Consolidated Revenue: $813.1
million 2008 Total value of cleared OTC contracts: $248.3 million 2008 Total number of contracts: 237.2 2008 Average Daily Volume: 922 thousand futures contracts, 977 thousand OTC energy contracts |
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| 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. | ||
| Source: | ||
| Intercontinental Exchange 2008 Annual report | ||