Tokyo Commodity Exchange Conducts First Night Session - Trading Volume Of The First Night Session Is 24,635 Contracts

Tokyo Commodity Exchange Inc. (TOCOM) launched the new trading system today and conducted the night session (17:00 – 23:00) as a first for a commodity exchange in Japan. Trading volume of today’s night session is 24,635 contracts.

The introduction of the new trading system has made it possible for TOCOM to offer various services as an international marketplace:

• Order Transaction Response Time: 10 milliseconds
• Capability of 24-hour trading (In the current phase, night session ends at 23:00. For rubber market, it closes at 19:00.)
• Internationally recognized order types
• Circuit Breaker System
• Market Maker Program (to be introduced in fall of 2009)

  * Monthly average daily volume of TOCOM
  (Trading hours: 9:00 – 11:00 and 12:30 – 17:30)

  Jan 2009	Feb 2009	Mar 2009	Apr 2009
  135,843	153,643	127,831	117,300