How the comex works

As one of the 5 selected Contract Markets beneath the Chicago Mercantile Exchange (CME) cluster umbrella, COMEX -- the commodities exchange -- along side the ny Mercantile Exchange (NYMEX), offers metals product during a regulated surroundings wherever skilled traders and therefore the public will gain exposure to profit-making opportunities.

COMEX Participants

If shopping for or commerce futures and choices on metals appeals to you, you will be ready to participate in what COMEX has got to provide, provided you abide by the principles for the product you're commerce. within the case of COMEX product, you may be subject to the principles found within the NYMEX Rulebook. you'll trade the metals you want mistreatment commerce systems provided by CME and access the product through a independent account or via a broker. people who trade for a living will apply for membership so as to get discounts on exchange fees over different retail customers. company and clearing memberships are out there.
Products Offered

COMEX publishes contract specifications, bond and margin info, likewise as a product calendar for every of the metals product it offers. enclosed in its suite of metal offerings ar copper futures and choices, and therefore the calendar swaps of every. Swaps ar risk management instruments. Silver futures and choices are listed. Gold, additionally to futures, has yankee and short-run choices, likewise as Volatility Index (VIX) European choices. Silver and gold each have miNY versions, that ar [*fr1] the dimensions of the complete contract. Note that betting on the instrument, settlement is also in either physical or monetary kind. commerce hours vary betting on the merchandise. Delivery of the particular metal follows a settlement procedure, that is represented for every metal product. further rules is also applicable.
Regulation and Oversight

The CME cluster oversees the activity of COMEX through its Market Regulation Department. The department's objective is to form certain that COMEX follows through on its own self-regulatory duties. once problems arise that would impact the potency of the marketplace, the department could take action by provision market regulation consultative notices, conducting investigations and taking disciplinary actions against abusive commerce practices and different disruptions to the marketplace.
Other Services

In addition to careful summaries of the product listed, COMEX conjointly publishes many reports pertinent to metals for the general public. It provides delayed quotes, bulletins, volume and daily reports on its product. as a result of COMEX falls beneath the umbrella of the CME cluster, its participants have access to different services under it cluster, like CME ClearPort, that clears trades by establishments and different commerce entities.