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When were first futures traded?

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Anonymous

13y ago
Updated: 5/9/2022

The New York Mercantile Exchange (NYMEX) began to trade heating oil futures in 1978. The exchange later introduced crude oil, gasoline, and natural gas futures. Airlines, shipping companies, public transportation authorities, home-heating-oil delivery services, and major multinational oil and gas companies have all sought to hedge their price risk using these futures contracts. In 1990 the NYMEX traded more than thirty-five million energy futures and option contracts.

www.econlib.orglibraryEncFuturesandOptionsMarkets.html

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Clovis Abshire

Lvl 10
3y ago

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