Tokyo Commodity Exchange
 | This article relies largely or entirely on a single source. (May 2021) |
| 東京商品取引所 | |
 TOCOM uses the logo of its parent company, the Japan Exchange Group. | |
 | |
| Type | Commodity exchange |
|---|---|
| Location | Tokyo, Japan |
| Coordinates | 35°41′19.3″N 139°46′46.5″E / 35.688694°N 139.779583°E |
| Founded | February 1951 (as Tokyo Textile Exchange) November 1984 (as Tokyo Textile Exchange) |
| Owner | Japan Exchange Group (Tokyo Commodity Exchange, Inc.) |
| Key people | Takamichi Hamada (President and CEO) |
| Currency | JPY |
| Commodities |
|
| No. of listings | 88 |
| Website | jpx.co.jp |
| [1] | |
Tokyo Commodity Exchange, also known as TOCOM, was Japan's largest and one of Asia's most prominent commodity futures exchanges until its purchase by JPX in 2019. TOCOM operated electronic markets for precious metals, oil, rubber and soft commodities. It offered 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). Today, TOCOM offers energy commodities futures only, such as Gasoline, Kerosene, Gas oil, Dubai crude oil, Electricity, Chukyo gasoline, and Chukyo kerosene.
History
[edit]
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.
In 2019 TOCOM was acquired by JPX.[2]
In 2020, its non-energy futures markets were removed and put under the management of the Japan Securities Clearing Corporation (JSCC) which was merged with the Japan Commodity Clearing House (JCCH) to create an entity to centralize commodity trading. This left TOCOM with only fuel and energy commodities trading.[3]
References
[edit]- ^ "Corporate Profile". Tokyo Commodity Exchange Inc. Retrieved April 23, 2017.
- ^ Kumagai, Takeo (March 28, 2019). "Japan's JPX, Tocom exchanges to merge in Oct, boost commodity, derivatives exposure". S&P Global Commodities Insights. Retrieved August 21, 2024.
{{cite web}}: CS1 maint: url-status (link) - ^ "Integration with Japan Commodity Clearing House | Japan Securities Clearing Corporation". www.jpx.co.jp. Retrieved 2024-08-21.
External links
[edit]- JPX Official Website (in English)
- Top Executive Interviews "SOU"
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