COMEX Futures & Options (Gold, Silver, Copper)

The Commodity Exchange (COMEX), the leading exchange for trading metal futures, is a division of the New York Mercantile Exchange (NYMEX) and is one of the 4 exchanges of the largest derivatives market, the CME Group. Today, COMEX offers futures and options on several metals such as gold, silver, aluminium, copper, scrap metal, iron ore, lithium and zinc. The history of the COMEX began in 1933 with the merger of several commodities exchanges, including the National Metal Exchange, the Rubber Exchange of New York, the National Raw Silk Exchange and the New York Hide Exchange. Rapidly becoming a major centre for trading metal futures, particularly gold, silver and copper, the COMEX entered a new phase in its development in 1994 when it joined forces with the New York Mercantile Exchange (NYMEX). In 2008, the situation changed again when NYMEX became a subsidiary of the CME Group, taking an important step in the consolidation of the world's leading derivatives and commodities exchanges. This merger in effect created a major player offering a wide range of products covering various asset classes. COMEX's main objective is to provide a regulated and transparent market for trading metal futures and options.