COMEX is the exchange market that trades commodities in the United States. It’s like the Stock Market of tangible things. Think about that for a minute: Stocks, bonds, and mutual funds are essentially just pieces of companies. Sure, companies have assets and make goods (or sell services), but they’re not really “tangible” — you can’t reach out and touch 3M or AT&T (some pun intended).
The primary market for trading metals such as gold, silver, copper and aluminum. Formerly known as the Commodity Exchange Inc., the COMEX merged with the New York Mercantile exchange in 1994 and became the division responsible for metals trading. The COMEX is a subdivision of the New York Mercantile Exchange (NYMEX) specializing in the facilitation of metals futures trading. Originally an independent exchange, the COMEX was purchased by the NYMEX on August 3rd, 1994.
It should be noted that while the COMEX is fully owned and operated by the NYMEX, COMEX futures contracts are still functionally listed as though it were a separate exchange.
Normal Trading Session: Unique for each futures contract, though generally sometime between 8:00 am and 1:30 pm, Monday – Friday
Electronic Trading Sessions: 6:00 pm – 5:15 pm, Sunday – Friday