Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Tokyo Commodity Exchange Circuit Breakers For April 2011

Date 25/03/2011

 

    1. CB Trigger Levels

    Commodity
    (Mini & Options Included)
    Initial CB Trigger Levels
    (also CB Expansion Amounts)
    Gold . JPY 100
    Silver . JPY 2.5
    Platinum . JPY 200
    Palladium . JPY 80
    Gasoline . JPY 2,400
    Kerosene . JPY 2,400
    Crude Oil . JPY 2,400
    Gas Oil . JPY 2,400
    Chukyo Gasoline . JPY 2,400
    Chukyo Kerosene . JPY 2,400
    Rubber JPY 10.0
    Nikkei - Tocom Commodity Index 15.0 Point

 

    2. Process Following a CB Trigger (Same process will be applied to all Commodities, including Rubber.)

    (1) For the first, second and third CB trigger, the trading session will be halted for 5 minutes from the time of the trigger. Trading will then resume with an expanded CB.

    Example for Gold (figures are in JPY):
    * CB Trigger Level after First Trigger = 100 (initial trigger level) + 100 (expansion amount) = 200
    * CB Trigger Level after Second Trigger = 200 (previous trigger level) + 100 (expansion amount) = 300
    * CB Trigger Level after Third Trigger = 300 (previous trigger level) + 100 (expansion amount) = 400

    (2) From the fourth CB trigger, trading will resume after a 5-minute halt, but the CB trigger level will not be expanded (for the gold example above, the CB trigger level will stay at JPY 400). However, when deemed necessary by the Exchange, the halt period and trigger level expansion may be modified.