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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.
- Social Studies / Finance
- Finance / Financial Responsibility
- College and Career / Personal Finance
- Life Skills / Personal Finance
- Finance / Finance Definitions
- Life Skills / Finance Definitions
- Finance / Personal Finance
- Courses / Finance Concepts
- Subjects / Finance and Economics
- Finance and Economics / Terms and Concepts
- Terms and Concepts / Banking
- Terms and Concepts / Bonds
- Terms and Concepts / Credit
- Terms and Concepts / Forex
- Terms and Concepts / International
- Terms and Concepts / Marketing
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- Terms and Concepts / Tech
- Terms and Concepts / Trading
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
Full Transcript
- 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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