Both NYBOT and NYMEX has coffee futures. I understand NYBOT is pit based and NYMEX is electronic. Are these two futures related? Thanks
The NYMEX listings are just a dual listing that tracks the NYBOT contracts. They see much less volume but are the same contract specs.
They are not the same contract specs. One is cash settled, the other is physically delivered. The NYMEX contracts do not "track" anything. They both trade separately. Much like electronic bonds and pit bonds are entirely separate markets and move independently. NYBOT contracts are now trade-able electronically through ICE, and there's quite a bit of liquidity there.