What is the Tokyo commodity exchange TOCOM’
The Tokyo Commodity Exchange (TOCOM) is designed to operate and control the commodity markets needed to solve in the future certain goods. In particular, this means that the goods listed on the markets on the basis of the Law on commodity derivatives, which regulates the issues in relation to domestic goods. Some of the major listed commodities include precious metals and agricultural products.
Often referred to by the acronym TOCOM, it was officially established in November of 1984 when the Tokyo Textile Exchange merged with the Tokyo rubber exchange and Tokyo gold exchange to form a joint venture. On the basis of the entities that comprise this initial combination, TOCOM is focused on listing rubber, gold, silver and platinum at the beginning. Over the next two decades, the scope of TOCOM expanded many times. In the 1990-ies, palladium, aluminum, gasoline, and kerosene will be additional lists.
The destruction of the Tokyo commodity exchange TOCOM’
The Tokyo Commodity Exchange (TOCOM) is a commercial organization joint stock company. It is the largest market in Japan, and one of the largest marketplaces in the world for buying and selling raw materials or commodities, such as natural resources.
TOCOM offers investors the ability to trade contracts for rubber, gold, silver, crude oil, gasoline, gasoil, kerosene, platinum, palladium and gold sees high trading volume for all goods sold by the exchange, platinum, gasoline, crude oil and rubber.
Innovative orientation at TOCOM
As the bustling capital of the country, which covers technological innovation, Tokyo has long established itself as a pioneer in many areas from culture to fashion. This trend leads to new lands particularly noticeable in the field of technology. Tokyo is known as the epicenter of cutting-edge technological advances and as a hub where the latest sophisticated electronics not provided.
It would seem that the only party that Tokyo, the financial sector will also take that love to the technology and use it to create and maintain financial markets that are as smart and efficient as you would find anywhere in the world.
The Tokyo Commodity Exchange uses an electronic trading system. TOCOM first allowed continuous trading on electronic platform in April 1991. More advanced second-generation electronic trading Platform was introduced in January 2003. The new version of the electronic system will follow in 2009 and 2013. The market proudly boast of innovative tools and committed to constantly monitor technology to ensure it is using the most innovative and challenging platform.