NYMEX is the world’s largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals.
The NYMEX trading competition is an annual event in which several universities around USA participate. It is organized in two phases. The first phase is a desktop trading competition that gives the participants a feel of trading Natural Gas and Crude Oil futures contracts. Participants use a desktop software from CQG to execute their trades. Lessons learnt include trading, trying to understand the fundamentals that drive energy prices and risk management.
Phase 2 is organized as an Open OutCry event on the Campus of University of Houston in Bauer College of Business. This phase gives the students a chance to execute trades as a floor broker on behalf of his customers.
Currently, I am on the Graduate team for UTD participating in the Desktop trading phase. So far it has been fun and profitable, albeit with funny money.
