New York Board of Trade
The ICE Futures U.S., formerly New York Board of Trade ( NYBOT ) is a derivatives exchange for commodities futures in New York.
In 1998 the merger, which was founded in 1870 " New York Cotton Exchange " ( NYCE ) and founded in 1882 " Coffee, Sugar and Cocoa Exchange " ( CSCE ) for " New York Board of Trade " ( NYBOT ). On 10 June 2004, the merger was completed.
The NYCE began in 1870 with the trading of cotton futures and expanded in 1966 to their offering futures on frozen orange juice concentrate. The CSCE developed through the establishment of the " Coffee Exchange of the New York City" in 1882, expanding its product range to include sugar contracts in 1914 and the merger with the established in 1925 " New York Cocoa Exchange."
The terrorist attacks on 11 September 2001, the head office of the NYBOT was destroyed in the World Trade Center. On 26 February 2003, the Exchange moved its headquarters in the building of the New York Mercantile Exchange in the World Financial Center.
On 14 September 2006, the IntercontinentalExchange (ICE), an American Stock Exchange, which operates mainly the trading of electric power, petroleum, natural gas and emissions of sulfur oxides ( SOx) and nitrogen oxides (NOx ), announced that the acquisition of NYBOT. The offer included a cash payment of 400 million U.S. dollars and the transfer of 10.297 million shares ICE. The offer valued NYBOT with about one billion U.S. dollars.
On 12 January 2007, the purchase was completed. On 3 September 2007 the stock market was given the name "ICE Futures U.S. ".