Summary Of September 2016 Activities At TOCOM

The Tokyo Commodity Exchange announced today that average daily volume for September 2016 was 85,496 contracts, down 3.7% month-over-month. Volume for TOCOM’s largest contracts was mixed; Dubai Crude Oil was up 5.5% to 19,849 contracts and Rubber was up 6.4% to 6,567 contracts while Gold Standard decreased 13.7% to 24,608 contracts.

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）The Tokyo Commodity Exchange announced today that average daily volume for September 2016 was 85,496 contracts, down 3.7% month-over-month. Volume for TOCOM’s largest contracts was mixed; Dubai Crude Oil was up 5.5% to 19,849 contracts and Rubber was up 6.4% to 6,567 contracts while Gold Standard decreased 13.7% to 24,608 contracts.

TOCOM Dubai Crude Oil traded heavily on speculation that whether OPEC would reduce production to curb worldwide supply.

Precious Metals markets stagnated in September. The FOMC’s decision on the interest rates and a Bank of Japan policy shift led the market to take wait-and-see approach. The Japanese yen was range-bound, trading between 100-103 JPY/USD, which reduced trading in precious metals.

TOCOM successfully launched the new trading system on the Japan Exchange Group (JPX) derivatives platform on September 20. At the same time, the Exchange relaunched Gold Options with updated contract specifications. Total volume for the first 8 business days was 1,326 contracts (166 contracts average daily volume).

At the end of September, open interest for all products was 558,641 contracts, an increase of 29,348 (5.54%) from the end of August. This is the highest level of open interst since the July 2007 mark of 594,672 contracts.

TOCOM September 2016 Trading Volume Breakdown

Contract

Monthly Trading Volume Average Daily Volume Sept ’16 Aug ’16 Sept ’16 Aug ’16 M/M change Y/Y change Futures Gold 492,152 627,180 24,608 28,508 -13.7% -21.9% Gold Mini 72,479 86,263 3,624 3,921 -7.6% -25.9% Gold Rolling Spot 256,805 305,216 12,840 13,873 -7.4% 5.4% Silver 4,551 7,593 228 345 -33.9% 4.1% Platinum 211,252 229,141 10,563 10,416 1.4% -40.1% Platinum Mini 17,194 19,516 860 887 -3.0% -32.8% Palladium 2,192 2,692 110 122 -9.8% -42.1% Dubai Crude Oil 396,974 413,891 19,849 18,813 5.5% -2.3% Gasoline 72,099 60,201 3,605 2,736 31.8% -48.9% Kerosene 16,319 16,898 816 768 6.3% -40.4% Gas Oil 0 0 0 0 - - Chukyo-Gasoline 573 1,240 29 56 -48.2% -69.8%

TOCOM New Trading System Successfully Launched on September 20 September Volume Averaged 85,496 Contracts per Day, Down 3.7%, while Open Interest Continues to Expand Recording 9-Year- High

Contract

Monthly Trading Volume Average Daily Volume Sept ’16 Aug ’16 Sept ’16 Aug ’16 M/M change Y/Y change Chukyo-Kerosene 394 469 20 21 -4.8% -44.4% Rubber 131,349 135,816 6,567 6,173 6.4% -39.3% Corn 28,234 35,897 1,412 1,632 -13.5% -8.4% Soybean 4,620 9,674 231 440 -47.5% -67.7% Azuki 1,414 1,948 71 89 -20.2% -20.2% Gold Option (Call) 519 - 65 - - - Gold Option (Put) 807 - 101 - - -

Total 1,709,927 1,953,635 85,496 88,802 -3.7% -22.2% Physical Gold (100g) 20 20 1 1 100% - Gold (1kg) 0 0 - - - - Total 20 20 1 1 100% -

Trading Days 20 22

* Average daily volume for 8 trading days since the relaunch on Spetmber 20. ADV for all products and the total sum of each product ADV do not match to each other.

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Average Daily Volume (unit: 1,000 contracts) Month-End Open Interest (unit: 1,000 contracts)

Month-End Open Interest Average Daily Volume

◆ Daily Average Volume and Month-End Open Interest -- Jan 2011- September 2016 September 2016 ADV: 85,496 contracts; Month-End Open Interest: 558,641 contracts

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International Customer Trades Ratio against Total Trades

unit: 1,000 contracts

◆ Monthly Trading Volume by Session -- Jan 2011- September 2016 September 2016 monthly night session volume: 598,301 contracts (35.0% of total volume)

◆ International Customer Trades (in Futures) -- Jan 2011 – August 2016 Customer trades (combined sell & buy orders) originating overseas for August 2016: 1,869,334 contracts (47.8% of total trades)

◆ September 2016 Nikkei-TOCOM Commodity Index Monthly Change

Index Value on Month-end

M/M Change Monthly Change 1 Nikkei-TOCOM Rubber Index 71.09 4.45 6.7% 2 Nikkei-TOCOM Palladium Index 150.29 3.90 2.7% 3 Nikkei-TOCOM Gasoline Index 136.04 1.32 1.0% 4 Nikkei-TOCOM Soybean Index 78.90 0.68 0.9% 5 Nikkei-TOCOM Silver Index 315.86 -0.93 -0.3% 6 Nikkei-TOCOM Oil Index 139.24 -0.59 -0.4% 7 Nikkei-TOCOM Industrial Commodity Index 211.69 -1.69 -0.8% 8 Nikkei-TOCOM Nearby Month Commodity Index 275.82 -2.29 -0.8% 9 Nikkei-TOCOM Commodity Index 213.18 -1.77 -0.8% 10 Nikkei-TOCOM Crude Oil Index 154.89 -1.44 -0.9% 11 Nikkei-TOCOM Gold Index 317.13 -3.20 -1.0% 12 Nikkei-TOCOM Precious Metals Index 249.57 -3.29 -1.3% 13 Nikkei-TOCOM Agricultural Product & Sugar Index 69.57 -0.99 -1.4% 14 Nikkei-TOCOM Kerosene Index 135.22 -2.31 -1.7% 15 Nikkei-TOCOM Corn Index 63.74 -1.87 -2.9% 16 Nikkei-TOCOM Azuki Index 88.85 -3.01 -3.3% 17 Nikkei-TOCOM Platinum Index 194.46 -8.87 -4.4%

* Nikkei-TOCOM Leveraged Index and Nikkei-TOCOM Inverse Index are excluded from this ranking.