Tokyo Commodity Exchange
 | This article relies largely or entirely on a single source. (May 2021) |
| 東京商品取引所 | |
 TOCOM uses the logo of its parent company, Japan Exchange Group. | |
 | |
| Type | Energy exchange |
|---|---|
| Location | Tokyo, Japan |
| Coordinates | 35°41′19.3″N 139°46′46.5″E / 35.688694°N 139.779583°E |
| Founded | February 1951 (as Tokyo Textile Exchange) November 1984 (as Tokyo Textile Exchange) |
| Owner | Japan Exchange Group |
| Key people | Takamichi Hamada (President and CEO) |
| Currency | JPY |
| Commodities |
|
| No. of listings | 88 |
| Website | jpx.co.jp |
| [1] | |
The Tokyo Commodity Exchange (Japanese: 東京商品取引所, Hepburn: Tōkyō Shōhin Torihikijo), or TOCOM, was Japan's largest and one of Asia's most prominent commodity futures exchanges until its purchase by Japan Exchange Group (JPX) in 2019. TOCOM is operated by Tokyo Commodity Exchange, Inc. (Japanese: 株式会社東京商品取引所, Hepburn: Kabushiki Gaisha Tōkyō Shōhin Torihikijo, Corporate Number: 4010001121906)[2], a wholly owned subsidiary of JPX.[3] It is a licensed commodity exchange operator under the Commodity Derivatives Transaction Act[4] of Japan, which is engaged in the provision of market facilities for trading of commodity derivatives, physical commodities and commodity price index futures.[5]
TOCOM operated electronic markets for precious metals, oil, rubber and soft commodities. It offered futures and options contracts for precious metals (gold, silver, platinum and palladium); energy (crude oil, gasoline, kerosene and gas oil); natural rubber and agricultural products (soybeans, corn and azuki). In 2020, these exchange-traded derivatives markets except energy derivatives markets were transferred to the Osaka Exchange, the main derivatives exchange of JPX.
Today, TOCOM is an energy exchange that offers energy commodities futures only: Gasoline, Kerosene, Gas oil, Dubai crude oil, Liquefied natural gas, Baseload electricity, Peakload electricity, Chukyo gasoline, and Chukyo kerosene.
Products
[edit]TOCOM's Energy Market and Chukyo Oil Market offer the following products:[6]
| Category | Underlying | Product |
|---|---|---|
| Fuel | Gasoline | Gasoline Futures |
| Chukyo Gasoline | Chukyo-Gasoline Futures | |
| Kerosene | Kerosene Futures | |
| Chukyo Kerosene | Chukyo-Kerosene Futures | |
| Gas Oil | Gas Oil Futures | |
| Dubai Crude Oil | Platts Dubai Crude Oil Futures | |
| Liquefied Natural Gas | LNG (Platts JKM) Futures | |
| Baseload Electricity | East Area Baseload Electricity | East Area Baseload Electricity Futures |
| East Area Baseload Electricity Futures (Weekly) | ||
| West Area Baseload Electricity | West Area Baseload Electricity Futures | |
| West Area Baseload Electricity Futures (Weekly) | ||
| Peakload Electricity | East Area Peakload Electricity | East Area Peakload Electricity Futures |
| East Area Peakload Electricity Futures (Weekly) | ||
| West Area Peakload Electricity | West Area Peakload Electricity Futures | |
| West Area Peakload Electricity Futures (Weekly) |
History
[edit]
TOCOM was established in 1984 with the merger of the Tokyo Textile Exchange, founded in 1951, the Tokyo Rubber Exchange and the Tokyo Gold Exchange. The exchange became a for-profit shareholder-owned company in 2008.
It launched the current trading platform based on the Nasdaq OMX technology in 2009. TOCOM will use Japan Exchange Group's new derivatives trading platform, Next J-Gate, from September 2016.
In 2019 TOCOM was acquired by JPX.[7]
In 2020, its non-energy futures markets were transferred to the Osaka Exchange and put under the management of Japan Securities Clearing Corporation (JSCC) which was merged with the Japan Commodity Clearing House (JCCH) owned by TOCOM to create an entity to centralize commodity trading. This left TOCOM with only fuel and electricity futures trading.[8]
References
[edit]- ^ "Corporate Profile". Tokyo Commodity Exchange Inc. Retrieved April 23, 2017.
- ^ "株式会社東京商品取引所の情報". National Tax Agency Corporate Number Publication Site. 2020-08-13. Retrieved 2024-08-25.
- ^ "Company Profile - Tokyo Commodity Exchange". Japan Exchange Group. 2023-04-01. Retrieved 2024-08-25.
- ^ "Commodity Derivatives Transaction Act - Japanese/English - Japanese Law Translation". www.japaneselawtranslation.go.jp. Retrieved 2024-08-25.
- ^ "Our Business". Japan Exchange Group. Retrieved 2024-08-25.
- ^ "List of Products". Japan Exchange Group. Retrieved 2024-08-25.
- ^ Kumagai, Takeo (March 28, 2019). "Japan's JPX, Tocom exchanges to merge in Oct, boost commodity, derivatives exposure". S&P Global Commodities Insights. Retrieved August 21, 2024.
{{cite web}}: CS1 maint: url-status (link) - ^ "Integration with Japan Commodity Clearing House | Japan Securities Clearing Corporation". www.jpx.co.jp. Retrieved 2024-08-21.
External links
[edit]- JPX Official Website (in English)
- Top Executive Interviews "SOU"
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