CME Group Inc. is a prominent global markets company, composed of four principal exchanges— the Chicago Board of Trade (CBOT), the Chicago Mercantile Exchange (CME), the New York Mercantile Exchange (NYMEX), and the Commodity Exchange (COMEX)—enabling investors and traders to hedge and tap into risk management assets and strategies.
COMEX, or the Commodity Exchange Inc., is a futures and options market for trading metals such as gold, silver, copper, and aluminum. It functions as a division of the New York Mercantile Exchange (NYMEX), part of the CME Group. COMEX is renowned for its standardized contract specifications, serving as a key platform for commodities trading and price determination.
Gold fixing refers to the daily determination of the price of gold by selected gold specialists and bank officials in London, Paris, and Zurich. The price is fixed at 10:30 A.M. and 3:30 P.M. London time every business day according to prevailing market forces of supply and demand.
A prominent futures exchange in New York dealing in oil products, metals, and other commodities. Acquired COMEX in 1994, and was later purchased by the Chicago Mercantile Exchange in 2008.
