What is COMEX trading?
Table of Contents
What is COMEX trading?
COMEX is a futures and options market to trade commodities such as silver, gold, aluminium, and copper. COMEX was previously known as the Commodity Exchange Inc and is now merged with NYMEX and handles metals trading. COMEX basically serves as the principal gold clearinghouse.
Who owns the COMEX exchange?
the CME Group
The company’s two principal divisions are the New York Mercantile Exchange and Commodity Exchange, Inc (COMEX), once separately owned exchanges….New York Mercantile Exchange.
| Type | Subsidiary of the CME Group |
| Founded | 1882 |
| Headquarters | Manhattan, New York City, New York , U.S. |
| Website | www.cmegroup.com |
How do commodities trade in the US?
Choose an asset within the commodity market that you want to spread bet or trade CFDs on. Decide to buy or sell. Buy (go long) if you think prices will rise, or sell (go short) if you think prices will go down. Enter a trade size.
How do I open a COMEX account?
Process for COMEX Individual Membership:
- Application Fee – Check in the amount of $2000.
- Application Form – Must be typewritten with ALL questions answered completely and fully.
- Photos – Two 2” x 2” passport-quality color photographs.
What is MCX gold?
MCX stands for the Multi Commodity Exchange. This is the exchange for trading commodities; just like the BSE is for trading stocks of companies. You can trade gold, silver and other precious metals along with agricultural commodities like cotton, coffee etc.
What is Comex copper price?
Key Data
| Label | Value |
|---|---|
| Last | 4.2865 |
| Prior Settlement | 4.333 |
| 52 Week High | 4.762 |
| 52 Week Low | 3.519 |
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