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| Coordinates | 52?23?11?N22?13?22?N |
|---|---|
| company name | New York Mercantile Exchange |
| company logo | |
| company type | Subsidiary of the CME Group |
| foundation | 1882 |
| location city | New York |
| location country | US |
| homepage | www.cmegroup.com }} |
The New York Mercantile Exchange (NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago. NYMEX is located at One North End Avenue in the World Financial Center in the Battery Park City section of Manhattan, New York City. Additional offices are located in Boston, Washington, D.C., Atlanta, San Francisco, Dubai, London, and Tokyo.
The company's two principal divisions are the New York Mercantile Exchange and Commodity Exchange, Inc (COMEX), once separately owned exchanges. NYMEX Holdings, Inc., the former parent company of the New York Mercantile Exchange and COMEX, became listed on the New York Stock Exchange on November 17, 2006, under the ticker symbol NMX. On March 17, 2008, Chicago based CME Group signed a definitive agreement to acquire NYMEX Holdings, Inc. for $11.2 billion in cash and stock and the takeover was completed in August 2008. Both NYMEX and COMEX now operate as designated contract markets (DCM) of the CME Group. The other two designated contract markets in the CME Group are the Chicago Mercantile Exchange and the Chicago Board of Trade.
The New York Mercantile Exchange handles billions of dollars worth of energy products, metals, and other commodities being bought and sold on the trading floor and the overnight electronic trading computer systems for future delivery. The prices quoted for transactions on the exchange are the basis for prices that people pay for various commodities throughout the world.
The floor of the NYMEX is regulated by the Commodity Futures Trading Commission, an independent agency of the United States government. Each individual company that trades on the exchange must send its own independent brokers. Therefore, a few employees on the floor of the exchange represent a big corporation and the exchange employees only record the transactions and have nothing to do with the actual trade.
Although mostly electronic since 2006, the NYMEX maintains a small venue that still practices the open outcry trading system, in which traders employ shouting and complex hand gestures on the physical trading floor. A project to preserve the hand signals used at NYMEX has been published.
Commodity exchanges began in the middle of the 19th century, when businessmen began organizing market forums to make buying and selling of commodities easier. These marketplaces provided a place for buyers and sellers to set the quality, standards, and establish rules of business. By the late 19th century about 1,600 marketplaces had sprung up at ports and railroad stations. In 1872, a group of Manhattan dairy merchants got together and created the Butter and Cheese Exchange of New York. Soon, egg trade became part of the business conducted on the exchange and the name was modified to the Butter, Cheese, and Egg Exchange. In 1882, the name finally changed to the New York Mercantile Exchange when opening trade to dried fruits, canned goods, and poultry.
As centralized warehouses were built into principal market centers such as New York and Chicago in the early 20th century, exchanges in smaller cities began to disappear giving more business to the exchanges such as the NYMEX in bigger cities. In 1933, the COMEX was established through the merger of four smaller exchanges; the National Metal Exchange, the Rubber Exchange of New York, the National Raw Silk Exchange, and the New York Hide Exchange. In the 1970s, COMEX, NYMEX, and other exchanges shared a single trading floor in 4 World Trade Center. This floor was depicted in the 1980s film Trading Places.
NYMEX's business threatened some entrenched interests like big oil and government groups like OPEC that had traditionally controlled oil prices. NYMEX provided an "open market" and thus transparent pricing for heating oil, and, eventually, crude oil, gasoline, and natural gas. NYMEX's oil futures contracts were standardized for the delivery of West Texas Intermediate light, sweet crude oil to Cushing, Oklahoma.
COMEX (Commodity Exchange, Inc), one of the exchanges that shared 4 World Trade Center with NYMEX, had traditionally looked down on NYMEX for being smaller and for having the toxic reputation from the potato bust. With NYMEX's energy trading boom, it became much larger and wealtheir than COMEX. On August 3, 1994, the NYMEX and COMEX finally merged under the NYMEX name. By the late 1990s, there were more people working on the NYMEX floor than there was space for them. In 1997, the NYMEX moved to a new building on the Southwestern portion of Manhattan, part of a complex called the World Financial Center.
On February 26, 2003, the New York Board of Trade (NYBOT) signed a lease agreement with the NYMEX to move into its World Financial Center headquarters and trading facility after the NYBOT's original headquarters and trading floor was destroyed in the September 11, 2001 terrorist attacks on the World Trade Center.
The open outcry NYMEX pit traders had always been against electronic trading because it threatened their income and their lifestyle. The executives at NYMEX felt that electronic trading was the only way to keep the exchange competitive. NYMEX teamed up with the Chicago Mercantile Exchange to use Globex in 2006. The trading pits emptied out as many traders quit. Banks, hedge funds, and huge oil companies stopped making telephone calls to the pits and started trading directly for themselves over screens.
In this period the NYMEX also worked on founding the Dubai Mercantile Exchange in the United Arab Emirates. This was fictionalized by Ben Mezrich in his book Rigged.
Natural gas
Bibliography
Category:Commodity exchanges in the United States Category:Companies based in New York City Category:Companies established in 1882 Category:1882 establishments in the United States
ca:New York Mercantile Exchange de:New York Mercantile Exchange fr:New York Mercantile Exchange ko:??????? id:New York Mercantile Exchange it:NYMEX lt:Niujorko preki? bir?a ja:????????????????? no:New York Mercantile Exchange pt:New York Mercantile Exchange ru:???-???????? ???????? ????? simple:New York Mercantile Exchange vi:S?n giao d?ch h?ng h?a New York zh:?????????Source: http://article.wn.com/view/2012/12/18/PostRock_Announces_Additional_White_Deer_Investment_PostRock/
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Simpson announced Monday that Jay Simmons will replace President John W. Byrd, who is retiring next spring after an 8-year tenure.
Simpson leaders said Simmons was chosen after a nationwide search because he impressed college officials with his leadership, academic experience, fundraising success and management style.
Simpson had led Iowa Wesleyan in Mount Pleasant for the last four years. The Alabama native came to Iowa for that job after working a decade as vice president for academic affairs and dean at LaGrange College in Georgia.
Simmons says Simpson is positioned to increase its prominence in higher education, and that he couldn't be more enthusiastic about starting the job.
Source: http://www.kcrg.com/news/local/Simpson-College-names-Jay-Simmons-as-New-President-183921731.html
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The guys cruise on motorcycles, channel Elvis and go surfin' in newest clip tease.
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One Direction's Harry Styles and Zayn Malik in their "Kiss You" teaser
Photo: Columbia Records
Source: http://www.mtv.com/news/articles/1699060/one-direction-kiss-you-teaser.jhtml
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Utilizing search engine optimization techniques will do wonders for giving you an edge over your competition. However, proper SEO work isn?t easy. The following article will help you harness this power while telling you what to avoid when utilizing search engine optimization.
Social media sites can serve as great marketing tools to promote your business. Twitter and Facebook are completely interactive, and the video sharing site YouTube is an effective way to showcase your product.
The options are limitless when it comes to ways to improve your sites ranking, but trying to learn them all is not the best option. The truth is that there are just not enough hours in the day to master every little technique, so pick one that looks promising and exploit this angle as much as you can.
Your website design should focus on maximizing your use of keywords and attracting your target market. You can expand your reach and simultaneously attract return readers by continuing to post new SEO content regularly. To get your site a higher search engine ranking make sure the main key words are represented in all titles and links, especially with images and any other areas where you can include text.
Consider the anchor text, the actual text of your links, carefully when making internal links on your site. A common example of poor anchor text is ?click here?. This anchor text contributes nothing to your search rank. Spiders focus on keywords, so if you pick out the most appropriate keywords for your content, they will count your anchor text towards your overall relevancy.
Don?t make pages that have nothing but links on them. Instead, try to blend them in for best results. Readers don?t really like contextless links, and search engines penalize pages with a high link-to-text ratio. Making your content match your text helps search engines have an easier time indexing your site and makes your website look more professional.
If you publish your web content in another language and not english, be sure to use the ?language? meta tag. You will get a higher rank in the search engine if someone searches using that particular language.
A product feed is an effective way to grow your client roster and attract a larger number of visitors to your website. Use these to provide important details about the product or service you offer. The best places to submit are shopper comparison sites and the major search engines. It will also be possible for consumers to receive the feed directly, through a reader.
Search engines are the most popular portals between online businesses and online consumers. Some companies do not have a grasp of this.
It can be helpful for the owner or boss of a company to be active in providing content like blogs for the company website. This is your voice of your company, and your readers want to hear that.
Focus as much on keeping people on your site as you do to get them there. This will, in turn, assist in your PageRank numbers. It is proven that spending more time working on a site increases the page rank. This information is according to metrics such as Quantcast scores. Forums and message boards are great ways to keep visitors engaged with your site for long periods of time.
Make sure that any link directories you use for your site contain high quality, real websites. It is common for directories to be filled with sites that are not current or feature bad design. Be very cautious about who you align yourself with.
While pictues make a website look attractive, sites that are looking to improve their search rankings don?t concentrate on images. Image links do not link your content to the search engines effectively.
You can get a little more SEO performance by taking your website into the blogging world. Start a blog of your own, and get involved with other blogs that cover related topics. Blogs can easily rank in search results, as long as they feature new content and quality data. If you want a high search engine ranking, backlinks are really important.
Putting your website in a prime place to be found is what search engine optimization is all about. The article you have just read gave you multiple tips on how to make this happen for you. Applying these simple tricks will get your website noticed in no time, so increase your traffic today!
Bordeaux Marketing Group is an internet marketing agency specializing Affiliate Program Management, Online Marketing Expert including Pay Per Click (PPC), Social Media Marketing, and Search Engine Optimization (SEO). We are recognized by Google as �Certified Adwords Professional� specializing in Search Marketing (PPC Management). To find out more visit their website at http://www.bordeauxmarketinggroup.com.
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FORT MEADE, Maryland (Reuters) - A U.S. Army private facing court-martial on suspicion of leaking secret documents to the WikiLeaks website testified on Thursday he was confined to a "cage" in the early days after his arrest in 2010, and thought he would die there.
Bradley Manning, in his first public comments since his arrest in Iraq, said his isolation led to a rapid decline in his awareness of his surroundings.
He said that he was initially given little or no information about the charges against him.
"My nights were my days and my days were my nights," Manning said. "It all blended together after a couple of days."
Manning said he was confined to a structure he called a "cage" just eight feet (2.43 metres) square located inside a tent. He suffered a breakdown about a month after his May 2010 arrest when he awoke to find a noose in the cage, he said.
"I remember thinking I'm going to die stuck here in this cage," Manning said. "I thought I was going to die in that cage. That's what I saw - an animal cage."
The private's testimony, which could continue into Friday, came on the third day of a hearing at Fort Meade, Maryland to determine whether his case should proceed to a full court-martial.
Manning has offered to plead guilty to less serious offenses than those with which he has been charged, according to his lawyer.
If Manning's case proceeds to trial and he is convicted of all the security breach charges against him, he could face life imprisonment.
LINKS TO WIKILEAKS
Charges include stealing records belonging to the United States and wrongfully causing them to be published on the Internet and aiding enemies of the United States, identified by prosecutors as al Qaeda in the Arabian Peninsula, an affiliate of the militant network founded by the late Osama bin Laden.
Prosecutors have alleged that Manning, without authorization, disclosed hundreds of thousands of U.S. diplomatic cables, military reports and video of a military helicopter attack in Iraq in which two Reuters journalists were killed.
WikiLeaks has never confirmed that Manning was the source of any documents it released.
In pre-trial litigation, prosecutors have presented testimony that legal experts say could be used to build a case that Manning had been in email contact with Julian Assange, WikiLeaks' Australian-born founder.
Nearly six months ago, Assange, who faces extradition to Sweden from Britain for questioning in a sexual molestation case, took refuge in the Ecuadorean Embassy in London.
Assange and his supporters have said the Swedish case against him could be part of a secret plot to have him shipped for trial to the United States and either executed or imprisoned at the U.S. detention facility in Guantanamo Bay, Cuba.
U.S. officials have denied those assertions. But they have acknowledged that a federal grand jury in Alexandria, Virginia, has been collecting evidence about WikiLeaks and some of its activists. Officials have not ruled out U.S. criminal charges against Assange.
Earlier on Thursday, Assange played down reports that his health was declining after Ecuadorean officials said he was suffering from a chronic lung ailment.
(Writing by Dan Burns; Editing by Stacey Joyce and Eric Walsh)
Source: http://news.yahoo.com/u-soldier-wikileaks-case-says-held-cage-000725662.html
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