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Tokyo Commodity Exchange, Inc. (“TOCOM” or the “Exchange”) today announced that the Exchange is to exclude the Aluminum futures contract from the components of the Nikkei-TOCOM Commodity Index, and to adopt a new weight percentage from January 1, 2010 onwards.
TOCOM has made this change based on the Tokyo Commodity Exchange Index Guidebook (please refer to the excerpt on the following page) as the suspension of the trading of the Aluminum futures contract was approved by the Minister of Economy, Trade and Industry on November 30, 2009. From January 1, 2010 onwards, following changes will be made to the calculation of the Index.
- Aluminum will be excluded from the components of the Nikkei-TOCOM Commodity Index.
- Aluminum will be excluded from the components of the Nikkei-TOCOM Nearby Month Commodity Index
- Calculation of the Nikkei-TOCOM Aluminum Index will be suspended.
The weight percentages of the Nikkei-TOCOM Commodity Index before and after January 1, 2010 are as follows:
Weight Percentage of the Nikkei-TOCOM Commodity Index
| Gold | Silver | Platinum | Palladium | Aluminum | Gasoline | Kerosene | Crude Oil | Rubber | |
|---|---|---|---|---|---|---|---|---|---|
| From January 2010 | 24.72% | 1.06% | 9.32% | 0.84% | - | 17.92% |
8.74%
|
33.46%
|
3.94%
|
| Current | 24.64% | 1.04% | 9.24% | 0.82% | 2.81% | 17.25% |
8.48%
|
31.83%
|
3.89%
|
| Difference | +0.08% | +0.02% | +0.08% | +0.02% | -2.81% | +0.67% |
+0.26%
|
+1.63%
|
+0.05%
|
As for the trading of the Aluminum futures contract, a new contract month will not be generated beyond the existing back contract month, which is the October 2010 contract. When it reaches the last trading day on October 26, 2010, all trading of the Aluminum futures contract will be suspended thereafter.
