Japan OTC Exchange Receives Regulatory Permission To Open Market

The Tokyo Commodity Exchange, Inc, announced today that the Japan OTC Exchange Inc. (JOE), the joint venture with Ginga Energy Japan Pte. Ltd was granted permission by the Minister of Economy, Trade and Industry for establishment of Facilities Similar to Specified Commodity Market.

Based on this permission, JOE advances the final preparations to establish the following:  

1. The Type 1 Facility Similar to Specified Commodity Market
RIM Swap (Bunker A fuel oil, LSA fuel oil)

2. The Type 2 Facility Similar to Specified Commodity Market

(1) TOCOM Swap (Crude oil, Gasoline, Kerosene, Gas oil, Chukyo-gasoline, Chukyo-kerosene)
(2) RIM Swap (Gasoline, Kerosene, Gas oil)

For more information about JOE, please visit their website.