Gold 1kg

Posted By Steve On Sunday, December 27th, 2009 With 0 Comments
Exchange Tokyo Commodity Exchange
Type Commodity
Underlying Gold 99.99% purity
Currency Japanese Yen (JPY)
Contract Size 1 Kilogram (approximately 32.15 troy ounces)
Tick Size 1.0
Tick Value 1000 JPY
Pre-Open 1
Trading Session 1 09:00 to 15:30
Pre-Open 2
Trading Session 2
Pre-Open T+1
Trading Session T+1 17:00 – 23:00
Last Trading Day The third business day preceding the Delivery Day
Delivery Day The last day of business each month except December (the 28th for December). If the day is a holiday or a half-day holiday, Delivery Day is the preceeding business day
Final Settlement Price
Settlement Type Physical
Deliverable Grade 99.99% pure
Delivery Point Specified warehouses within Tokyo
Delivery Method The Party Making Delivery submits to the Exchange a warehouse receipt, issued by a TOCOM-designated warehouse. The Party Taking Delivery submits to the Exchange the Delivery Value based on the delivery price.
Contract Months All even months within a year. Feb, Apr, Jun, Aug, Oct, Dec
First Trading Day Day session on a business day following the Last Trading Day of the current contract month.
Position Limit Customers excluding commercials and investment funds:
All contract months combined: 5,000 contracts
Commercials and investment funds:
Current contract month: 10,000 contracts
All contract months combined: 30,000 contracts
Block Size
Initial Margin (outright) Varies;
Maintenance Margin (outright) Varies;
Clearinghouse Margin (outright)  
Listed Spread No
Initial Margin (spread)  
Maintenance Margin (spread)  
Clearinghouse Margin (spread)  
Daily Price Limit Varies. It’s based on the settlement price of the previous clearing period
Options Yes
Exchange Symbol 11
Reuters Symbol TCE/JAU
Bloomberg Symbol JGA
ISIN Symbol  

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