The term New York Mercantile Exchange refers to a market where buyers and sellers can negotiate and enter into commodity futures contracts. NYMEX is located in Battery Park, which is a section of Manhattan.
Also referred to as the New York Mercantile Exchange, NYMEX is a commodity futures exchange operated by CME Group. Founded in 1882, NYMEX is headquartered in New York City, with additional locations in Atlanta, Boston, Dubai, London, San Francisco, Tokyo and Washington.
The New York Mercantile Exchange facilitates transactions involving both floor and electronic trading of commodity futures, including:
Trading of bilateral agreements occurs 24 hours a day, except during maintenance windows which typically occur during weekdays from around 6:05 p.m. through 6:55 p.m. Eastern Time and weekends from Friday at 6:05 p.m. through Sunday 5:00 p.m. Eastern Time.