COMEX Commodity Exchange Definition & Meaning | Financial Term | CSIMarket
CSI Market
Sign In | Register

Glossary

COMEX Commodity Exchange

Financial Term

COMEX is a commodity exchange that deals with gold, silver, copper, and other precious metals. It was established in 1933 and is located in New York City.

COMEX is used in the financial industry as a platform for trading and hedging precious metals. It offers standardized contracts for gold, silver, copper, and other metals, which are used by traders and investors to buy or sell these commodities.

COMEX uses a system called Open Outcry, which involves traders standing in a trading pit and shouting out bids and offers for various commodities. This system has now been replaced by electronic trading, but the principles remain the same.

COMEX contracts are used to hedge against price fluctuations in the precious metals market. For example, a mining company may sell gold futures to lock in a price for their gold production, ensuring they receive a certain amount of revenue for their product.

Investors may also use COMEX contracts to speculate on the price of gold or other precious metals. This can be done by either going long or short on the commodity, depending on market conditions and the investors* strategic goals.

Overall, COMEX plays a significant role in the financial industry as a reliable platform for trading and hedging precious metals. Its standardized contracts and efficient trading system help to facilitate global metal trading and provide a range of investment opportunities to investors and traders.


Miscellaneous Financial Services Industry

More Glossary Terms Beginning with C
  • Calcined
    To be heated to a high temperature, but below the melting or fusing point, causing loss of moisture, reduction or oxidation or thermal decomposition (a chemical reaction where a single compound breaks up into two or more simpler compounds or elements when heated).
    Manufacturing Term Letter: C
  • Call Option
    An option that provides the right, but not the obligation, to buy an underlying futures contract at a specified strike price for a specified time.
    Financial Term Letter: C
  • Cancer
    A disease characterized by loss or enhancement of one or more mechanisms that regulate the growth of cells of a specific tissue. Loss of these control mechanisms or gain of abnormal mechanisms in a single cell that put cell growth into overdrive allows that cell to grow, invade local tissue, and to spread to other regions of the body. This spreading of altered cells to distant sites is the process
    Health Care Term Letter: C
  • Cancer Stem Cell
    cancer cells (found within tumors or hematological cancers) that possess characteristics associated with normal stem cells, specifically the ability to give rise to all cell types found in a particular cancer sample.
    Health Care Term Letter: C
  • Capacity Insurance
    The percentage of surplus, or the dollar amount of exposure, that an insurer or reinsurer is willing or able to place at risk. Capacity may apply to a single risk, a program, a line of business or an entire book of business. Capacity may be constrained by legal restrictions, corporate restrictions or indirect restrictions.
    Insurance Term Letter: C
  • Capacity Oil and Gas Operations Industry
    Capacity is defined as the throughput a process unit is capable of sustaining, either on a calendar or stream day basis. The throughput may be expressed in terms of maximum sustainable, nameplate or economic capacity. The maximum sustainable or nameplate capacities may not be the most economical. The economic capacity is the throughput that generally provides the greatest economic benefit based on
    Energy Term Letter: C
  • Capital Asset Pricing Model
    Generates an appropriate discount rate using internal and external inputs to value future cash flows based on the time value of money and the price for bearing uncertainty inherent in an investment.
    Financial Term Letter: C
  • Capital Gain or Capital Loss
    the difference between the amount paid for an investment and its value at a later time. If the investment has been sold, the capital gain or loss is considered a realized gain or loss. If the investment is still held, the gain or loss is still "on paper" and is considered unrealized.
    Financial Term Letter: C
  • Capital Ratios
    Represents the minimum standards established by the regulatory agencies as a measure to determine whether the regulated entity has sufficient capital to absorb on and off-balance sheet losses beyond current loss accrual estimates.
    Financial Term Letter: C
  • Captive
    A closely-held insurance company whose primary purpose is to provide insurance coverage to the companys owners or their affiliates.
    Insurance Term Letter: C
  • Car Miles per Car Day
    The total car-miles for a period divided by the total number of active cars. Total car-miles includes the distance travelled by every car on a revenue-producing train and a train used in or around our yards. Railroads Industry
    Transportation Term Letter: C
  • Carcinomas
    A type of cancer that arises from the lining cells of the body, called epithelial cells. Epithelial cells form the outer layer of the skin, and the membranes lining the digestive tract, bladder and uterus, as well as the tubes and ducts that run through the bodys organs.
    Health Care Term Letter: C