Tokyo Commodity Exchange: Inhibition Of Implied Function (Bait Order Generation) At The Launch Of The Next Generation System

The next generation system is slated to go live at TOCOM on Tuesday, September 20. In order to assure its stable operation, the Exchange will temporarily inhibit implied function (bait order generation).

For this reason, Standard Combination Orders (SCO) and Tailor-Made Combination Orders will be executed only when a match can be made between orders of the same type (SCO order /SCO order or TMC order /TMC order) . (These two types of orders will not be executed with orders in the underlying market.)

The implied function is expected to become reactivated before the end of October. The Exchange will announce the date once it is determined.