What does Comex stand for?

COMEX is the primary futures and options market for trading metals such as gold, silver, copper, and aluminum. COMEX is an abbreviation of the exchange's full name: The Commodity Exchange Inc. COMEX merged with the New York Mercantile Exchange (NYMEX) in 1994 and became the platform responsible for its metals trading.

What is the Commodity Exchange (CMEX)?

The Commodity Exchange, better known as COMEX, is a division of the New York Mercantile Exchange that trades futures in metals such as gold, silver, copper and aluminium. It was formed in 1933 to bring together a collection of existing silk, rubber and metal exchanges. Where have you heard about COMEX?

When was the Commodity Exchange founded?

The COMEX exchange was founded in New York in 1933. The name COMEX was short for Commodity Exchange, Inc. In 1994, the COMEX exchange merged with the New York Mercantile exchange and became the division for metals trading.

When did Comex merge with NYMEX?

COMEX merged with the New York Mercantile Exchange (NYMEX) in 1994 and became the platform responsible for its metals trading. In 2008, the CME Group purchased the NYMEX, including its COMEX division. COMEX is the world's largest futures and options trading for metals. It is a division of the Chicago Mercantile Exchange (CME) Group.