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The Tokyo Commodity Exchange (TOCOM) announced today that May 2012 trading volume averaged 104,196 contracts per day, up 12.7% from April 2012.
The leading contracts at TOCOM saw month over month gains that contributed to the exchange wide increase in volume; Gold Standard was up 18.4% to 48,435 contracts, Gold Mini was up 25.5% to 14,229 contracts and Rubber was up 30.7% to 9,879 contracts.
Despite the breaking effect on the market from the euro zone crisis and nagging uncertainty about the U.S. economy, volatility in global commodity prices in early May stimulated trading in the Japanese market.
Open interest at the end of May for all listed contracts totaled 340,619, a decrease of 7,088 (2.04%) from the prior month.
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