ShmoopTube

Where Monty Python meets your 10th grade teacher.

Search Thousands of Shmoop Videos


Tech Videos 99 videos

Finance: What is co-variance?
8 Views

What is covariance? Covariance is the comparison of how assets move in the markets. Positive covariance is when assets move in tandem, such as when...

Finance: What is After Hours Trading?
1 Views

What is After Hours Trading/Extended Trading? After hours trading describes any trades made after the market closes or before the market opens. Bec...

Finance: What is Volatility?
77 Views

What is volatility? In the world of investing, volatility basically means riskiness. It looks at the returns for stocks or indexes, and if they are...

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
39794 Views

GED Social Studies 1.1 Civics and Government

Fake News
11939 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?
1777 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...