Manfra, Tordella & Brookes, Inc. is Designated a Licensed Depository by NYMEX and COMEX; Agreement Further Enhances the Firm's Presence in the Physical Precious Metals Market.NEW YORK -- Manfra, Tordella & Brookes, Inc., ("MTB"), a leading distributor of gold, silver, platinum and palladium bars and legal tender bullion coins for industrial and investment purposes, said today they have been designated by the New York Mercantile Exchange New York Mercantile Exchange (NYMEX) The world's largest physical commodity futures exchange. , ("NYMEX See New York Mercantile Exchange. NYMEX See New York Mercantile Exchange (NYM). "), to be a Licensed Depository authorized to act as a Delivery Point for its gold, platinum and palladium Futures Contracts. Established in 1957, MTB has achieved a major position in the United States, selling, buying, and storing Good Delivery brands, of gold silver, platinum and palladium bars including the popular PAMP S.A. ("PAMP") FORTUNA investment bars, featured on the cover of the March 2006 issue of Forbes Magazine. Additionally, the firm offers a full range of international legal tender bullion coins issued by major Government Mints, including the U.S. Mint. Today's appointment enhances MTB's leadership in these specialized fields enabling it to better service its industrial and investment customers. MTB is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of MKS Finance S.A. ("MKS"), a major privately held privately held precious metals trading, refining and fabricating group. Based in Switzerland, MKS is a non-clearing member of NYMEX, COMEX COMEX A division of the New York Mercantile Exchange (NYMEX). Formerly known as the Commodity Exchange, COMEX is the leading US market for metals futures and options trading. COMEX See New York Mercantile Exchange (NYM). , The International Monetary market ("IMM") Division of Chicago Mercantile Exchange Chicago Mercantile Exchange (CME) Chicago Mercantile Exchange (CME) is the largest futures exchange in the United States and the second largest exchange in the world for the trading of futures and options on futures. ("CME"), associate member of the London Bullion Market Association ("LBMA") and of the Tokyo Commodity Exchange Tokyo Commodity Exchange (TOCOM) Tokyo exchange for trading futures on gold, silver, platinum, palladium, rubber, cotton yarn, and woolen yarn. (TOCOM). The PAMP Hallmark is accredited with Good Delivery status on NYMEX, COMEX, Chicago Board of Trade Chicago Board of Trade (CBOT) The second largest futures exchange in the US, and a pioneer in the development of financial futures and options. ("CBOT"), LBMA and the TOCOM. The NYMEX is the largest physical commodity exchange in the world, offering futures and options trading in energy and metals contracts, and clearing services for off-exchange energy transactions. Through a combination of open outcry floor trading and the NYMEX ACCESS and NYMEX ClearPort-trading electronic platforms, a wide range of products - including crude oil, petroleum products, natural gas, coal, electricity, gold, silver, copper, aluminum and platinum group metals markets - are available virtually 24 hours each day. MTB's designation will provide both NYMEX and COMEX members with an additional precious metals Depository in New York City while considerably expanding the firm's range of activities in the physical precious metals business. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion