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New York Futures Exchange
New York Futures Exchange definition - finance
A wholly-owned subsidiary of the New York Cotton Exchange
(NYCE), which was combined into the New York Board of Trade in 1998 along with
the Coffee, Cocoa and Sugar Exchange (CCSE). The NYFE trades futures and
options on the NYSE Composite Index, which is based on approximately 2,000
common stocks, and the CRB/Bridge Index, based on the Commodity Research
Bureau/Bridge Index of 21 commodity components. Futures also are traded on the
Pacific Stock ExchangeÂ’s Technology Index, representing 100 listed and
over-the-counter stocks from 15 different technology industries. The NYCE was
acquired from the New York Stock Exchange (NYSE) in December 1993.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
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