Japan - TOCOM


The Tokyo Commodity Exchange (Tokyo Kogyohin Torihikijo), or TOCOM, was created on 1 November 1984 by consolidating the Tokyo Gold Exchange, the Tokyo Rubber Exchange and the Tokyo Textile Commodities Exchange. It took over the gold futures contract, priced in yen, originally launched by the Tokyo Gold Exchange in March 1982.


One kilo gold bar (Credit: courtesy PAMP S.A.)

Contract: 1 kilo of 999.9 gold

Price: yen/gram

Delivery month: every even-numbered month within the 12-month period after the date of transaction in an odd-numbered current month, and also an odd-numbered month following an even-numbered month.

Last day of trading in current month: third business day preceding the delivery day. The delivery day is the end of the contract month.

Price calls: during the trading day there are six price calls: 9.10 am, 10.30 am, 11.30 am, 1.10 pm, and 3.45 pm
.
Turnover (period total)
Open Interest (end-period)
Annual contracts: . 1997 8,871,965 342,581
1998 8,373,609 395,932
1999 16,011,962 376,587
2000 7,841,692 199,347
2001 9,791,711 250,548
2002 20,506,652 388,517
Monthly contracts: 2003/01 2,213,420 428,996
2003/02 3,446,297 391,292
2003/03 1,923,414 403,346
2003/04 1,756,565 389,224
2003/05 2,531,861 400,584
2003/06 2,691,664 406,852
2003/07 2,615,221 421,054

Tokyo Commodity Exchange (TOCOM)
10-8 Nihonbashi Horidome-cho, 1-chome
Chuo-Ku
Tokyo 103-0012
Japan

Tel.    +81 3 3661 9191
Fax    +81 3 3661 7568
e-mail int-aff@tocom.or.jp
Web   www.tocom.or.jp

See also: Japanese Gold Accumulation Plans; Japan Market Introduction