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You're referring to the New York Mercantile Exchange (NYMEX)!

The New York Mercantile Exchange is a leading global marketplace for energy, metals, and other commodities. It was founded in 1882 and is headquartered in New York City. NYMEX is a subsidiary of CME Group, the largest futures exchange in the world.

Here are some key facts about NYMEX:

  1. Energy trading: NYMEX is the largest energy futures exchange in the world, offering contracts for crude oil, natural gas, heating oil, and gasoline.
  2. Commodity trading: In addition to energy, NYMEX also offers futures and options contracts for metals (such as gold, silver, and copper), agricultural products (such as corn, soybeans, and wheat), and other commodities.
  3. Trading hours: NYMEX trading hours are from 9:00 AM to 2:00 PM ET, Monday through Friday.
  4. Market participants: NYMEX has over 2,000 market participants, including commercial companies, financial institutions, and individual traders.
  5. Clearing and settlement: NYMEX uses the CME Clearing House for clearing and settlement of trades.
  6. Regulation: NYMEX is regulated by the Commodity Futures Trading Commission (CFTC) and is a member of the Futures Industry Association (FIA).

Some of the most popular contracts traded on NYMEX include:

  1. West Texas Intermediate (WTI) crude oil: The most widely traded crude oil contract in the world.
  2. Henry Hub natural gas: A benchmark contract for natural gas prices in the United States.
  3. Gold futures: A popular contract for trading gold, one of the most widely held precious metals.
  4. Copper futures: A contract for trading copper, a widely used industrial metal.

Overall, NYMEX is a critical component of the global commodities market, providing a platform for buyers and sellers to trade a wide range of commodities and energy products.