The New York Mercantile Exchange, Inc was jointly founded by the New York Mercantile Exchange (NYMEX) and the Commodity Exchange, Inc (COMEX) in 1994. It is the largest commodity exchange in the world. The New York Mercantile Exchange, Inc is located in the financial center of Manhattan, New York, right next to the New York Stock Exchange. The New York Mercantile Exchange, Inc plays an important role in commercial, urban and cultural life of New York. It creates thousands of jobs for the financial industry, supports community culture and social services through its own charity funds, which it uses as a way to expand its philanthropic efforts in such a mega-city. The exchange’s transactions are mainly involved in energy and precious metals, but the transactions of energy are far more than that of other products. The transactions were mainly futures goods and options trading. Up till now, the number of futures transactions greatly exceeds the volume of share options.