Regional exchanges (like the Chicago and Pacific Stock Exchanges) are to the big exchanges (like the NYSE) what the minor leagues are to the majors. They focus on servicing companies in their region and often deal in securities related to their core commercial interests. That is, Chicago is the broker for Midwest-grown commodities, like wheat and corn and, uh...dead meat.
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Finance: What is NYMEX?25 Views
Finance allah shmoop what is nynex Sounds like a snooty
new fusion restaurant in soho doesn't it Well in fact
it isn't the new york mercantile exchange or the merc
if you want to sound like an insider is just
a trading post which covers the basics in the land
of commodities like gold sugar natural gas cotton and corrupt
congressmen you can trade them now on a fantasy league
It's this building here in manhattan right along the hudson
perfect for anyone second guessing any of their investment decisions
although in reality there are now zero transactions done inside
the actual exchange This being the twenty first century and
all everything is elektronik Those recently is two thousand sixteen
If you prefer to get your hands feet and soul
dirty you could head on down to one north end
avenue hop into the pit there and scream and jest
iq yah late wildly along with a handful of others
on the physical trading floor Yeah listen to him scream
but because investors by and large traded in a trek
to the exchange with a few clicks on their mac
well everything is now entirely on the interwebs as they
call them in the midwest But while the physical location
today is just houses well webs Yeah you can actually
trade on the nymex in your underwear It's Kind of 00:01:25.003 --> [endTime] cool
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