On June 28, the Tokyo Commodity Exchange, Inc. (“the Exchange” or TOCOM) received approval as a Recognised Body from the Dubai Financial Services Authority (DFSA), the regulatory authority for the Dubai International Financial Centre (DIFC).
DFSA sets standards for exchanges outside of the DIFC and rates operations and reliability. They grant Recognised Body status to exchanges that meet their standards. Exchanges approved as a Recognised Body are permitted to provide direct market access to the firms within the DIFC.
Based on this approval, TOCOM is looking forward to working closely with investors and hedgers not only from the Middle East, but also those in Europe, the United States, India and other regions that maintain offices in Dubai.