New york board of trade

The New York Board of Trade (NYBOT) is a futures exchange that was established in 1848 and is one of the oldest and most prestigious exchanges in the world. It is located in New York City and is a subsidiary of the Intercontinental Exchange (ICE).

The NYBOT is a leading marketplace for trading futures and options contracts on a variety of commodities, including:

  1. Coffee: The NYBOT is the largest and most liquid market for coffee futures and options.
  2. Cotton: The exchange offers futures and options contracts on cotton, which is one of the most widely traded agricultural commodities in the world.
  3. Sugar: The NYBOT offers futures and options contracts on sugar, which is an important commodity in the food and beverage industry.
  4. Cocoa: The exchange offers futures and options contracts on cocoa, which is a key ingredient in chocolate production.
  5. Orange Juice: The NYBOT offers futures and options contracts on orange juice, which is a popular beverage around the world.

The NYBOT is also home to the New York Mercantile Exchange (NYMEX), which is a leading marketplace for energy and metals futures and options. NYMEX offers contracts on a variety of energy and metals products, including:

  1. Crude Oil: NYMEX offers futures and options contracts on West Texas Intermediate (WTI) crude oil, which is one of the most widely traded energy commodities in the world.
  2. Natural Gas: The exchange offers futures and options contracts on natural gas, which is an important energy source for heating and power generation.
  3. Gold: NYMEX offers futures and options contracts on gold, which is a popular precious metal for investment and industrial use.
  4. Silver: The exchange offers futures and options contracts on silver, which is another popular precious metal for investment and industrial use.

The NYBOT and NYMEX are both regulated by the Commodity Futures Trading Commission (CFTC) and are subject to strict rules and regulations to ensure fair and orderly markets.

In 2008, the NYBOT and NYMEX merged with the Chicago Board of Trade (CBOT) to form the CME Group, which is now one of the largest and most diversified derivatives exchanges in the world.