At the Board Meeting held on June 18, 2010, the Central Japan Commodity
Exchange (C-COM) resolved the basic action plan with regard to the
operations in its Precious Metal and Oil markets as follows;
| 1) |
Precious Metal Market |
| ? |
The trading of Gold futures contract started on October 13,
2009, but the trading has been continuously stagnant with a
low volume and open interests. Based on the result of the questionnaire
recently conducted among the members of the market as well as
poor prospects for the increasing volume, C-COM is to take the
following steps to suspend the Precious Metal market;
| - |
No new contract month after January 2010 is to be listed. |
| - |
For the existing contract months (June, July, August,
September, November 2010 and January 2011), trading is
to continue till each of the last trading days. |
| - |
However, when no open interest is outstanding in any
of the contract months at the end of a certain business
day, trading is going to be suspended from the immediately
following business day. |
|
| 2) |
Oil Market |
| ? |
Based on the response from the Tokyo Commodity Exchange Inc.
regarding the transfer of the C-COM Oil market as well as the
result of the questionnaire recently conducted among the members
of the market, C-COM is to take the following steps to suspend
the Oil market;
| - |
No new contract month after January 2011 is to be listed. |
| - |
For the existing (July, August, September, October,
November and December 2010) and January 2011 contract
months, trading is to continue till each of the last trading
days. |
| - |
However, when no open interest is outstanding in any
of the contract months at the end of a certain business
day, trading is going to be suspended from the immediately
following business day. |
|
|
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