Published On: Fri, May 13th, 2011

Summary of April 2011 Activities at TOCOM

Tokyo Commodity Exchange (TOCOM) announced May 11 that April 2011 trading volume averaged 121,027 contracts per day, down 16% from March 2011.

The gold contract, which is most traded commodity at TOCOM, was up 1.6% to 58, 578 contracts per day. The highest increase recorded in April was the silver contract at 78.8%, averaging 3,480 contracts per day. Its year-to-year change is 508.7%. Trading in the majority of other contracts decreased: platinum was down 31.3% to 13,160 contracts per day; gasoline was down 24.8% to 10,643 contracts per day, kerosene was down 50.9% to 3,119 contracts; and rubber was down 38.6% to 15,506 contracts.

At the end of April, open interest in all listed commodities totaled 300,794 contracts, an increase of 10,520 contracts from the end of March 2011.

At TOCOM, monthly volume of foreign customer trades reached 1,304,152 contracts in March 2011 and established a new record of all time surpassing the last record volume of 1,114,081 contracts in October 2007.

Based on regulator’s approval, TOCOM amended its business rules and other concerned regulations in order to change the contract specification of Nikkei-TOCOM Commodity Index Futures, the Exchange fixed on the starting date of transaction of TOCOM NEXT as Contract Month Transaction, an ordinary type of futures contract (futures contract with expiry) on May 2, 2011. The existing Contract Day Transaction (i.e: a contract without expiry), which was started on March 23, 2010, will be terminated on February 29, 2012.
With this change, TOCOM aims for improving the convenience of the index product and revitalizing its trade while setting the sufficient period for transition from the Contract Day Transaction to the Contract Month Transaction.

TOCOM April 2011 gold futures contract and silver futures contract recorded the highest delivery prices since listing on their last day of trading, April 25, 2011.The delivery price for the April 2011 gold futures contract is 4,002 yen/gram and that for the April 2011 silver futures contract is 120.5 yen/gram.

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