Published On: Wed, Oct 21st, 2009

TOCOM Registration Fee For Remote Member Set At 1 Million Yen

Tokyo Commodity Exchange, Inc. (TOCOM ) announced October 21 the newly set registration fee and membership dues, which constitute the entry cost for its Remote Members. A Remote Member doesn’t need to have an entity in Japan and has direct access to the Exchange (i.e: trading without having to go through a broker). TOCOM introduced remote membership on October 8, 2009.

The entry cost for Remote Members are set as follows:

* Registration fee: 1 million yen per market division*. For multiple markets (maximum amount: 2.5 million yen)
* Membership Dues: 50,000 yen per month per market division

*Market division: Precious Metals, Aluminum, Rubber or Oil

The registration fee for Remote Members is equivalent to 10 percent of the fee charged for regular memberships (please refer to the below chart). TOCOM intends to increase liquidity in its markets by keeping the entry cost for Remote Members low. A similar type of treatment has been given to Remote Members at other exchanges in Japan.

Following the opening of its membership to proprietary trading firms earlier this month, TOCOM is developing this remote membership program as part of its efforts to attract new types of market participants.

Current Cost For Members
Broker Member

Registration Fee – 10 million yen per market division (maximum amount: 25 million yen)
Membership Dues – 60,000 yen per month per market division
Trade Member
Registration Fee – For Aluminum market, 5 million yen
Membership Dues – 50,000 yen per month per market division
Remote Member
Registration Fee – 1 million yen per market division (maximum amount: 2.5 million yen)
Membership Dues – 50,000 yen per month per market division
Affiliate Member
Registration Fee – 1 million yen per market division
Membership Dues – 10,000 yen per month per market division

Article Source: TOCOM website

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