Summary Of February 2016 Activities At Tokyo Commodity Exchange

• TOCOM February Volume Averaged 133,704 Contracts per Day, Up 3.7 %
• Monthly Volume and ADV for Gold Rolling Spot hit all-time highs, while TOCOM Dubai Crude Daily Volume hit a new record high on February 8

The Tokyo Commodity Exchange announced today that average daily volume for February 2016 was 133,704 contracts, up 3.7% from January. The Gold Standard contract was up 42.9% to 46,410 contracts and Gold Rolling Spot (formerly called “Gold Daily”) was up 40.6% to 17,247 contracts. The Gold Rolling Spot contract recorded both highest monthly volume and the highest daily average volume in February. Strong trading in gold made up for slower trading in other contracts including TOCOM Dubai Crude Oil, which was down 7.5% to 34,253 contracts.

The sharp increase in Gold volume was attributed to a shift to safe-haven assets following lower expectations for U.S. rate hikes and a decline in stock prices. TOCOM Dubai Crude continued to trade actively despite the slight month-over-month decrease. Daily volume hit a new high on February 8 on expectations for reduced production.

End-February open interest for all products was 384,140 contracts, a decrease of 17,592, or -4.38%, from the end of January.

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