COMEX
Definition
COMEX — Meaning, Definition & Full Explanation
COMEX, an acronym for Commodity Exchange Inc., is a leading global futures and options market primarily for trading precious metals such as gold, silver, and base metals like copper. Now part of the CME Group, COMEX serves as a crucial platform for price discovery and risk management in the international metals market.
What is COMEX?
COMEX is the primary division for metals trading within the CME Group, one of the world's largest financial derivatives exchanges. Originally established as the Commodity Exchange Inc. through a series of mergers in the 1930s, it has evolved into the principal marketplace for gold, silver, and copper futures and options contracts. While it also facilitates trading in other metals like platinum, palladium, and aluminium