The Tokyo Commodity Exchange, Inc announced today that it was granted an approval from the Ministers of Agriculture, Forestry and Fisheries as well as Economy, Trade and Industry on September 9 to adjust the Exchange Rules and introduce Settlement Price Trading. TOCOM will start accepting applications for Settlement Price Trading on October 6, 2014. This is a new option to transact away from the market allowing all market participants to trade at the settlement price by prior application to the Exchange.
Brief prescription of Settlement Price Trading is as follows.
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Eligible Commodities
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All listed commodities |
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Eligible Contracts Months
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All contract months |
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Deadline for Application |
Offsetting trades: Before the end of the day session of the second business day preceding the Last Trading Day. New trades: Same as the above |
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Eligible Trades
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All trades (offsetting and new, proprietary and customer) |
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Eligible Applicants
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All trading participants |
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Prior Registration
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Not necessary |
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Price
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Settlement price for the applied clearing perio |
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Quantity
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From one lot |
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Application Hours
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From 9:00 a.m. JST to 3:25 p.m. JST |
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Date of Implementation
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Monday, October 6, 2014 |
