Nautical Term: NYPE
Definition of NYPE
The New York Produce Exchange, also known as NYPE, is an organization based in New York City. Established in 1832, NYPE originally served as a marketplace for produce and livestock. Today, NYPE continues to operate as a powerful industry organization, providing various services such as market information, education, and networking opportunities for its members.
Example:
In her role as a commodity trader, Emily frequently consults the New York Produce Exchange, or NYPE, for the most up-to-date market information on fruits and vegetables. NYPE’s real-time market data and expert analysis enable Emily to make informed trading decisions and maximize her profits.
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