The new York Futures exchange NYFE

What is the new York stock exchange futures on the NYFE’

The new York Futures Exchange – NYFE was established to trade futures contracts for financial products such as stock index futures, currencies and U.S. Treasury bonds. Founded in 1980 as a subsidiary of the new York stock exchange, has sold several times since, with many contracts he now imagined trading on the Intercontinental exchange (Ice).

Breaking down ‘the new York stock exchange futures on the NYFE’

The new York Futures Exchange – NYFE was incorporated as the volume of futures contracts traded on non-tangible goods began to rise. Until the late 1970’s and early 1980-ies of the futures contracts in the financial plan based on stock indices, currencies and government bonds does not exist.

As interest grew in commercial contracts such as these, new York stock exchange NYFE set for the start of trading in USD futures on Treasury bonds and stock index futures, based on the NYSE composite.

The rapid growth in the trading of financial futures

In the early 1980s, NYFE introduced futures contracts based on more specialized indices, such as the NYSE composite and put small trade of options on various futures contracts. Then in 1994, the new York cotton Exchange (becomes due) bought NYFE.

In 1998, NYCE and the coffee, sugar and cocoa exchange (CSCE) merged to become the new York Board of trade (NYBOT). Contracts that NYFE was introduced began trading on this exchange.

Then in 2007 the new York Board of trade was acquired by the Intercontinental exchange (Ice), which renamed its futures contract, which is now called ice Futures.

Although futures contracts, mainly on agricultural products, are traded since the 19th century, the growth in trade in futures and options on the basis of financial indicators and derivatives ahead of those products.

Interest to trade in currency futures rose as the Bretton Woods agreement, the rate established as the end of the Second world war has become less relevant or more currencies, freely floating against the other. And because of high inflation in the 1970-ies, the financial specialists to look for instruments such as futures contracts for bonds to hedge interest rate risk.

And how was a stock market indexes in the United States and in global markets, investors have adopted a strategy of indexing, sometimes use futures contracts to follow up on these indicators. In addition, the popularity of derivatives instruments, such as options has grown, not only options on individual stocks, and options on indices, currencies and futures contracts.

What was established as a small subsidiary of the new York stock exchange in 1980, a pioneer in the manufacturing of non-physical futures contracts, NYFE and organizations that acquired it over the years, turned into a business that helps investors and traders around the world to take advantage of the hedging strategy on the global markets.

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