What does COMEX mean?
COMEX is a leading U.S. exchange for metals futures and options trading. The exchange offers trading of metals futures contracts such as for gold, silver, copper and aluminum.COMEX is a division of the New York Mercantile Exchange (NYMEX), a commodity futures exchange owned and operated by CME Group of Chicago.
Futures Knowledge Explains COMEX
COMEX is a Designated Contract Market that offers metals futures and options trading products. COMEX was formerly known as the Commodity Exchange. In 1994, it merged with the New York Mercantile Exchange (NYMEX) and became a division for metals trading. This made NYMEX the world's largest physical futures trading exchange.