New York Board of Trade
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ICE Futures U.S.—known as the New York Board of Trade (NYBOT) until September, 2007— is a physical commodity futures exchange located in New York City. It is a wholly owned subsidiary of Intercontinental Exchange (ICE).[1]
History
It originated in 1870 as the New York Cotton Exchange (NYCE). In 1998, the New York Board of Trade became the parent company of the New York Cotton Exchange and the Coffee, Sugar and Cocoa Exchange (CSCE). Both now function as divisions of NYBOT.[2] NYBOT agreed to become a unit of ICE in September 2006.[3]
The New York Board of Trade was a private
On February 26, 2003, NYBOT signed a historic lease agreement with the
The New York Board of Trade was featured in the 1983 movie
The official address of the New York Board of Trade headquarters and trading facility, located in the New York Mercantile Exchange Building, is One North End Avenue, New York, NY 10282-1101.
Commodities traded on the exchange
One of the most innovative concepts pioneered at the exchange is the ability given to seat holders to trade seats that they do not actually own. Seatholders may sell short seats they do not have title to as well as purchase seats they have intention of holding as an investment.
- Cocoa
- Coffee
- Cotton
- Orange juice (frozen concentrate)
- Wood pulp
- Sugar (domestic)
- Sugar (world)
See also
References
- ^ "INTERCONTINENTALEXCHANGE, INC". sec.gov. Retrieved August 20, 2015.
- ^ Kershaw, Sarah. "Glad to Be in the Pits, Wherever They Are; Commodity Traders Had Backup Plan". New York Times. Retrieved January 28, 2016.
- ^ "ICE to acquire Nybot for $1 billion". futuresmag.com. Retrieved August 20, 2015.
- ^ "International Exchanges Exist for Futures". Financial News Express. Financial News Express. Retrieved January 28, 2016.[permanent dead link]
- ^ "NYMEX and NYBOT Sign Historic Lease Agreement: State, Local, and Federal Representatives Share in Ceremony". New York Mercantile Exchange, Inc. February 26, 2003. Retrieved November 4, 2007.[permanent dead link]
- ^ "NYBOT-NYMEX Duel Over Trading Floor". New York Post. December 29, 2006. Archived from the original on October 13, 2007. Retrieved November 4, 2007.
- ^ "New York Board of Trade gets back to business". Computerworld Inc. September 21, 2001. Retrieved November 4, 2007.
- ^ Leising, Matthew. "CME Cuts Ties to 19th Century by Shutting Once-Chaotic Pits". Bloomberg. Bloomberg. Retrieved January 28, 2016.
- ^ "Trading Places (1983) Filming Locations". IMDB. IMDB. Retrieved January 28, 2016.