TOCOM To Launch Virtual Trading Environment
Tokyo Commodity Exchange, Inc. (TOCOM) announced July 28, 2009 that it is set to launch in early August a virtual trading environment, called “TOCOM-V Trade”, in which a user can virtually experience trading on the new system.
TOCOM’s new trading system, based on a NASDAQ OMX package software, offers trading functionalities in line with international standards, which differ completely from what was available under the previous system, including a wider array of order types and a circuit breaker system. Anyone with a PC connected to the internet can access TOCOM-V Trade and experience trading as if on the live environment, using the TOCOM order types and following the TOCOM trading rules. Thanks to this new service, existing and new Members, as well as individual investors, can deepen their understanding and quickly familiarize themselves with the new trading system and trading rules.
The virtual trading environment, which became available by connecting the TOCOM staging environment to the systems of Members and IT vendors, can be utilized by Members to train employees, such as dealers, or to provide a new type of service to customers. TOCOM-V Trade can also be used by IT Vendors as an effective promotion/advertising tool.
Thanks to the use of this new service, the Exchange hopes that many players will be able to deepen their understanding and knowledge of the new trading system and trading rules, and that this will translate into increased participation and liquidity in the TOCOM markets. The introduction of TOCOM-V Trade is also part of the Exchange’s continuous efforts to establish confidence in the new trading system.
TOCOM-V Trade Service
* Service Cost: free of charge
* Service Hours: Monday to Friday from10:00 AM through 8:00 AM on the following day (as currently planned)
* Service Application: to be submitted through TOCOM’s website to a TOCOM-V Trade participating Broker Member or IT vendor
* Service Details: to be announced shortly on TOCOM’s website
Article Source: Tokyo Commodity Exchange Website