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How does the COMEX work?

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How does the COMEX work?

COMEX publishes contract specifications, performance bond and margin information, as well as a product calendar for each of the metals products it offers. Included in its suite of metal offerings are copper futures and options, and the calendar swaps of each. Swaps are risk management instruments.

What commodities are traded on COMEX?

COMEX is a futures and options market to trade commodities such as silver, gold, aluminium, and copper. COMEX was previously known as the Commodity Exchange Inc and is now merged with NYMEX and handles metals trading.

Is COMEX safe?

As well as being a more common method of investing in physical bullion, it is also far safer. The vast majority of gold traded on the COMEX is paper, rather than physical, gold and the amount of trades taking place on the exchange are not reflected by the exchange’s physical holdings.

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Who owns the COMEX exchange?

the CME Group
The company’s two principal divisions are the New York Mercantile Exchange and Commodity Exchange, Inc (COMEX), once separately owned exchanges….New York Mercantile Exchange.

Type Subsidiary of the CME Group
Founded 1882
Headquarters Manhattan, New York City, New York , U.S.
Website www.cmegroup.com

Is COMEX trading legal in India?

Yes they are legal and regulated by RBI norms.

What is COMEX pricing?

On 12/08/2021. Open Price is4.3390 USD/lb. Close Price is4.3910 USD/lb. Close Price isup 0.0530 from previous trading day.

What is Comex pricing?

Is Comex trading legal in India?

Can Indian trade in Comex?

Unique modus operandi: Selling silver futures in India & buying on Comex. According to Indian laws, commodity brokers are barred from trading in international exchanges. They are neither allowed to trade on terminals sold by foreign bourses nor use Internet accounts to take positions there.

What is the meaning of MCX?

Multi Commodity Exchange
Multi Commodity Exchange (MCX) is an exchange where commodities like crude oil, lead, gold, etc are traded.

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Can I hedge copper?

Copper producers can hedge against falling copper price by taking up a position in the copper futures market. Copper producers can employ what is known as a short hedge to lock in a future selling price for an ongoing production of copper that is only ready for sale sometime in the future.

What is COMEX metals trading?

Key Takeaways 1 COMEX is the world’s largest futures and options trading for metals. 2 It is a division of the Chicago Mercantile Exchange (CME). 3 Metals futures are mostly used for hedging and are not typically delivered upon. 4 The COMEX does not supply metals, instead, acting as an intermediary.

What is the New York Mercantile Exchange and the Comex exchange?

Both the New York Mercantile exchange and the COMEX exchange are now part of CME Group, the largest commodity exchange operator. The COMEX division of CME group is based out of New York, and this is where pit-traded metals transactions occur.

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Is the Comex silver futures contract rigged?

One cannot speak of COMEX silver futures contract trading history without citing the abrupt rule rigging which occured in early 1980 when the Hunt Brothers supposedly cornered the silver market.

What is the difference between CME Group and COMEX?

CME Group is the world’s leading and most diverse derivatives marketplace, made up of four exchanges, CME, CBOT, NYMEX and COMEX. Each exchange offers a wide range of global benchmarks across all major asset classes. COMEX, a Designated Contract Market offering products subject to COMEX rules and regulations, joined CME Group with NYMEX in 2008.