ShmoopTube
Where Monty Python meets your 10th grade teacher.
Search Thousands of Shmoop Videos
Tech Videos 99 videos
What is covariance? Covariance is the comparison of how assets move in the markets. Positive covariance is when assets move in tandem, such as when...
What is After Hours Trading/Extended Trading? After hours trading describes any trades made after the market closes or before the market opens. Bec...
What is volatility? In the world of investing, volatility basically means riskiness. It looks at the returns for stocks or indexes, and if they are...
Finance: What is NYMEX? 25 Views
Share It!
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
- Terms and Concepts / Stocks
- 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
Related Videos
GED Social Studies 1.1 Civics and Government
What is bankruptcy? Deadbeats who can't pay their bills declare bankruptcy. Either they borrowed too much money, or the business fell apart. They t...
What's a dividend? At will, the board of directors can pay a dividend on common stock. Usually, that payout is some percentage less than 100 of ear...
How are risk and reward related? Take more risk, expect more reward. A lottery ticket might be worth a billion dollars, but if the odds are one in...