The New York Mercantile Exchange (NYMEX) is the world’s largest physical commodity futures exchange, located in New York City. The New York Mercantile Exchange handles billions of dollars’ worth of energy products, metals, and other commodities (e.g., crude oil, gasoline, gold, and propane) being bought and sold on the trading floor and the overnight electronic trading computer systems. The prices quoted for transactions on the exchange are the basis for prices that people pay throughout the world. The floor of the NYMEX is regulated by the Commodity Futures Trading Commission. LO.1