Tokyo Commodity Exchange, Inc. (“TOCOM” or the “Exchange”) announced today its revised volume discount program from July to September 2009.
In April, 2009, TOCOM considerably increased the discount amounts for the April to June period as a marketing campaign. The Exchange has decided to maintain these amounts between July and September 2009. As for the rubber contract thresholds, the number of trades within a month is greatly reduced from 30,000 to 20,000 for Tier 1 and from 60,000 to 40,000 for Tier 2.
1. Tier levels and discount amountsWhen a Member's accumulated transaction volume within a month exceeds the number of trades set forth in Item (1) below, Exchange Fees will be discounted to the trades in excess of each tier as described in Item (2) below.
(1) Basis of transaction volume within a month
|
Tier 1 |
Tier 2 |
Tier 3 |
Tier 4 |
Tier 5 |
Tier 6 |
(Number of trades) |
||||||
Gold |
100,000 |
200,000 |
300,000 |
400,000 |
500,000 |
600,000 |
Silver |
2,000 |
4,000 |
- |
- |
- |
- |
Platinum |
20,000 |
40,000 |
- |
- |
- |
- |
Palladium |
2,000 |
4,000 |
- |
- |
- |
- |
Aluminum |
2,000 |
4,000 |
- |
- |
- |
- |
Gasoline |
20,000 |
40,000 |
- |
- |
- |
- |
Kerosene |
20,000 |
40,000 |
- |
- |
- |
- |
Crude oil |
5,000 |
10,000 |
- |
- |
- |
- |
Rubber |
20,000 |
40,000 |
- |
- |
- |
- |
Gold Mini |
100,000 |
200,000 |
300,000 |
400,000 |
500,000 |
600,000 |
Platinum Mini |
8,000 |
16,000 |
- |
- |
- |
- |
(2) Discount amount per trade
(Total discount amount is calculated by multiplying the relevant discount amount per trade by the number of trades in excess of each tier and aggregating the sub-totals for all tiers)
|
Above tier 1& below tier 2 |
Above tier 2 & below tier 3 |
Above tier 3 & below tier 4 |
Above tier 4 & below tier 5 |
Above tier 5 & below tier 6 |
Above tier 6 |
Gold Standard |
JPY 5 |
JPY 10 |
JPY 15 |
JPY 20 |
JPY 25 |
JPY 30 |
Gold Mini |
JPY 3 |
JPY 5 |
JPY 8 |
JPY 10 |
JPY 13 |
JPY 14 |
|
Above tier 1& below tier 2 |
Above tier 2 |
||||
Other Standard Contracts |
JPY 10 |
JPY 20 |
||||
Platinum Mini |
JPY 5 |
JPY 9 |
2. Applicable period
From July 1 to September 30 2009
About the “Volume Discount Program”
Under the volume discount program, a Member receives a discount on the Exchange Fee (i.e: a fee on the Member’s transaction volume within a month payable to the Exchange) when its accumulated transaction volume within a month exceeds the number of trades set forth by the Exchange. This program aims at increasing market liquidity by promoting trading from existing market participants and encouraging the entry of new participants. TOCOM has launched this program in March 2008.