Published On: Tue, May 27th, 2014

TOCOM Approved To Adjust Trading Hours And First Day Trade Schedule From July 2014

Tadashi Ezaki CEO TOCOM

Tadashi Ezaki CEO TOCOM

The Tokyo Commodity Exchange, Inc. announced on 27 May that the regulatory approval was granted to update exchange trading hours and contract specifications. The changes, designed to offer increased trading opportunities, will start in July 2014.

Firstly, trading hours will be updated from July 22nd. The day session will close at 15:15 JST (previously 15:30) and the night session will start at 16:30 JST (previously 17:00), adding 15 minutes overall. Likewise order acceptance will start at 16:15 (previously 16:45). The overnight opening corresponds with active European trading and the adjustments should be of particular benefit to these market participants.

Secondly, TOCOM will adjust the First Trading Day for a New Contract Month. From July 25, 2014, the First Trading Day of a New Contract Month will start from the night session immediately following the Last Trading Day of the current contract month (at present, trading begins with the day session on the first business day following the Last Trading Day of the current contract month).The trade schedule is exceptional for the Crude Oil contract in December. The Last Trading Day for the December contract falls on the last business day of the year, when the night session is not held. Therefore the First Trading Day for a New Contrtact Month will start from the day session on the first business day of the New Year.

Changes to Trading Hours

Present
From July 22, 2014
Day Session 9:00 – 15:30 JST 9:00 – 15:15 JST
Break Between Sessions 1 hour 30 minutes 1 hour 15 minutes
Night Session 17:00 – 4:00 JST(Rubber closes at 19:00) 16:30 – 4:00 JST(Rubber closes at 19:00)

 

 

 

 

 

 

 

First Contracts to be Generated under New Schedule

Market Divisions Listed Products Contract Months First Trading Day for a New Contract
Rubber Market Rubber January 2015 Friday, July 25, 2014
Oil Market Gasoline, Kerosene, Gas Oil February 2015 Friday, July 25, 2014
Crude Oil January 2015 Thursday, July 31, 2014
Chukyo-Oil Market Gasoline, Kerosene February 2015 Friday, July 25, 2014
Precious Metals Market Gold (Standard & Mini), Silver, Platinum (Standard & Mini), Palladium August 2015 Tuesday, August 26, 2014
Agricultural Product & Sugar Market Azuki January 2015 Monday, July 28, 2014
Raw Sugar September 2015 Thursday, July 31, 2014
Soybean August 2015 Friday, August 15, 2014
Corn September 2015 Friday, August 15, 2014

Note: The new rule will not apply to Gold Options trading.

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