ShmoopTube

Where Monty Python meets your 10th grade teacher.

Search Thousands of Shmoop Videos


International Videos 92 videos

Finance: What is the Advance Decline Ratio?
14 Views

What is the Advance Decline Ratio? The advance decline ratio is used to determine how the market performed on a given day. It does this by comparin...

Finance: What is a strong dollar?
3 Views

A strong dollar is one that has earned trust on an international scale. It reflects a reliable currency...at least, more reliable than that of othe...

Finance: What is the Dow Jones Industrial Average?
2710 Views

What is the Dow Jones Industrial Average? The Dow Jones Industrial Average is usually just called the Dow. It’s an average of 30 of the most well...

See All

Finance: What is NYMEX? 25 Views


Share It!


Description:

NYMEX, or the New York Mercantile Exchange, is an exchange where commodities are regularly traded.

Language:
English Language

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

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
39791 Views

GED Social Studies 1.1 Civics and Government

Fake News
11936 Views

How do you tell fake news from real news?

Finance: What is Bankruptcy?
260 Views

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...

Finance: What is a Dividend?
1774 Views

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...

Finance: How Are Risks and Rewards Related?
589 Views

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...