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Forex Videos 93 videos

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Finance: What is NYMEX? 25 Views


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Description:

NYMEX, or the New York Mercantile Exchange, is an exchange where commodities are regularly traded.

Language:
English Language

Transcript

00:00

Finance allah shmoop what is nynex Sounds like a snooty

00:07

new fusion restaurant in soho doesn't it Well in fact

00:11

it isn't the new york mercantile exchange or the merc

00:15

if you want to sound like an insider is just

00:18

a trading post which covers the basics in the land

00:21

of commodities like gold sugar natural gas cotton and corrupt

00:26

congressmen you can trade them now on a fantasy league

00:29

It's this building here in manhattan right along the hudson

00:32

perfect for anyone second guessing any of their investment decisions

00:37

although in reality there are now zero transactions done inside

00:41

the actual exchange This being the twenty first century and

00:45

all everything is elektronik Those recently is two thousand sixteen

00:49

If you prefer to get your hands feet and soul

00:51

dirty you could head on down to one north end

00:54

avenue hop into the pit there and scream and jest

00:58

iq yah late wildly along with a handful of others

01:01

on the physical trading floor Yeah listen to him scream

01:04

but because investors by and large traded in a trek

01:07

to the exchange with a few clicks on their mac

01:10

well everything is now entirely on the interwebs as they

01:15

call them in the midwest But while the physical location

01:18

today is just houses well webs Yeah you can actually

01:22

trade on the nymex in your underwear It's Kind of 00:01:25.003 --> [endTime] cool

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