The CME Group represents the largest futures and options market in the U.S., facilitating trade in both financial and commodity contracts with a rich history dating back to 1919.
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.
A futures market is a financial exchange where futures contracts, which are agreements to buy or sell specific commodities or financial instruments at a predetermined future date and price, are traded.
The Intercontinental Exchange (ICE) is the world's leading electronic market for energy and soft commodities contracts, established in 2000.
A physical commodity refers to an actual, tangible commodity that is delivered to the buyer upon the completion of a commodity contract, whether it be in the spot market or futures market. Examples include agricultural products like corn and soybeans, and natural resources like gold and oil.
The spot delivery month refers to the nearest month in which a commodity could be delivered, relative to the current month of trading.
The current delivery price of a commodity traded in the spot market, also referred to as the cash price. It is the price at which a commodity can be bought or sold for immediate delivery.
