Tokyo Commodity Exchange Explained

Tokyo Commodity Exchange
Alt Name:Japanese: 東京商品取引所
Type:Commodity exchange
City:Tokyo
Country:Japan
Coor:35.6887°N 139.7796°W
Foundation: (as Tokyo Textile Exchange)
(as Tokyo Textile Exchange)
Owner:Japan Exchange Group
(Tokyo Commodity Exchange, Inc.)
Key People:Takamichi Hamada
(President and CEO)
Currency:JPY
Listings:88
Homepage:jpx.co.jp
Footnotes:[1]

Tokyo Commodity Exchange, also known as TOCOM, is Japan's largest and one of Asia's most prominent commodity futures exchanges. TOCOM operates electronic markets for precious metals, oil, rubber and soft commodities. It offers futures and options contracts for precious metals (gold, silver, platinum and palladium); energy (crude oil, gasoline, kerosene and gas oil); natural rubber and agricultural products (soybeans, corn and azuki).

History

TOCOM was established in 1984 with the merger of the Tokyo Textile Exchange, founded in 1951, the Tokyo Rubber Exchange and the Tokyo Gold Exchange. The exchange became a for-profit shareholder-owned company in 2008.

It launched the current trading platform based on the Nasdaq OMX technology in 2009. TOCOM will use Japan Exchange Group's new derivatives trading platform, Next J-Gate, from September 2016.

External links

Notes and References

  1. Web site: Corporate Profile . Tokyo Commodity Exchange Inc. . April 23, 2017.