Car Rentals New York
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Manhattan Car Rentals and the New York Mercantile Exchange
The New York Mercantile Exchange is the world's largest physical commodity futures exchange. For over 130 years the Exchange has been a symbol for market integrity and price transparency. The Exchange plays a vibrant role in the commercial, civic, and cultural life of New York. It provides thousands of jobs in the financial services and allied industries and, through the New York Mercantile Exchange Charitable Foundation, supports cultural and social service programs in the downtown community as well as broader charitable endeavors in the metropolitan area. Take some time out during your Manhattan car rental travels to learn more of this important part of American culture.
The Mercantile Exchange trades the following: crude oil, gasoline, heating oil, natural gas, electricity, gold, silver, copper, aluminium, and platinum; futures contracts for coal, propane, and palladium; and options contracts on the price differentials between crude oil and gasoline, crude oil and heating oil, Brent and West Texas Intermediate crude oil, and various futures contract months (calendar spreads) for light, sweet crude; Brent crude; gasoline; heating oil; and natural gas.
Looking to Invest?
Are you a potential investor looking for a fast-paced dynamic market? Then investing in the Mercantile Exchange may be for you! The Exchange is a public market forum and anyone can play a role in these vital global markets. Participation is not difficult, but a few requirements must be met. The first step is to open an account through a licensed, Series 3, commodity futures broker. Once you have found the right broker you need to decide what type of investments work for you. Once you are ready to invest, there is of course the decision of how much of a risk you are willing to take. Trading on the Exchange presents an intellectual and strategic challenge to those willing and able to take the risk. Trading can be executed through different financial instruments and venues, making the Exchange's markets extremely flexible and useful to a wide range of market participants which benefits everyone.
Investing may not be for everyone though. If your Manhattan car rental trip to the Exchange is purely for pleasure then you may find more interest in visiting the Mercantile Exchange Museum!
Mercantile Museum
Get an up close encounter at the Exchange during your Manhattan car rental visit. The trading pits have been centers of drama, history, and financial excitement for more than 125 years. Now during your Manhattan car rental visit, you can trace this history yourself at the new museum, and catch the excitement of New York's largest commodities exchange as you view trading first-hand from the visitors galleries.
Probably the most salient image that comes to mind when thinking of an Exchange venue is the loud jackets, louder voices and wild gestures. In this Exchange's famous trading rings, traders shout buy and sell offers to each other and trade billions of dollars worth of oil, gold, silver, natural gas, electrical power, and other commodities. Experience the rush of the market's ups and downs during your Manhattan car rental visit. The atmosphere can feel so intense you will feel like you were placed directly out of a scene from a blockbuster movie.
Distinctive, colored jackets and strong voices make all the difference for traders who gesture frantically as they compete to buy and sell orders for themselves and hundreds of thousands of customers. This unique, face-to-face method of trading - called open outcry - serves to make trading on the Exchange extremely fluid, quick, and exciting.
From the visitors' galleries you can witness the excitement of trading in the rings. At the Exchange museum, you will also see how futures trading developed and how it's used today to buy or sell strategic global commodities.
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