The New York Board of Trade (NYBOT) is one of the oldest and most prominent commodity exchanges in the United States. Established in 1870, the NYBOT has been at the center of American commodity trade for over 150 years.

The NYBOT specializes in trading physical commodities such as sugar, coffee, and energy products such as gasoline and crude oil. The exchange lists several grades of each commodity, enabling market users to find what they need quickly. The NYBOT helped create the modern commodity futures markets of today and set higher standards of contracts and practices.

The NYBOT is best known for its two primary contracts - the Coffee “C” and Sugar #11 contracts. The Coffee “C” contract is the most actively traded coffee contract in the world. It is quoted in cents per pound and has a minimum fluctuation value of 0.05 cents per pound, enabling precise delivery and easy trading. The Sugar #11 contract is a leading benchmark for the international refining industry, with a minimum fluctuation of 0.01 cents per pound.

Since 2006, the NYBOT has been a wholly-owned subsidiary of the ICE, an electronic commodity futures exchange. While it still offers physical commodities, the NYBOT has since become an electronic exchange, allowing for electronic clearing and trade matching operations.

Though the NYBOT has transitioned from its physical trading roots, it still remains at the center of some of the most sophisticated and important commodity trade markets in the world. The NYBOT continues to set revered standards for contract quality and practices, paving the way for a more efficient and transparent trading system.