New York Cotton Exchange, Commodities exchange in Manhattan, United States
The New York Cotton Exchange is a commodities exchange in Manhattan housed in the New York Mercantile Exchange Building, where cotton futures trading takes place. It sets international market standards and allows traders worldwide to conduct business through electronic systems.
The exchange was founded in 1870 by one hundred cotton merchants and opened its first permanent headquarters at 1 Hanover Square in Manhattan in 1872. Over time it became the leading trading hub for cotton futures and shaped global cotton pricing for many decades.
The exchange shaped standardized trading practices that changed how American cotton producers connected with textile makers around the world. These shared standards let different countries do business on equal terms.
The exchange is located in Lower Manhattan and handles cotton futures trading through electronic systems that provide real-time market data. Keep in mind that trading happens quickly and is highly specialized, so prior knowledge helps if you want to understand what is happening.
After the September 11 attacks in 2001, the exchange moved from its location in 4 World Trade Center and temporarily operated from Long Island City. This was one of the few major location changes in its long history and forced traders to adjust to a new operating space.
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