Tokyo Commodity Exchange Inc. (TOCOM) announced today that TOCOM has gone live with a new trading system based on the suite of trading and clearing platforms provided by the NASDAQ OMX Group, Inc.
The introduction of the new trading system makes 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)
Trading volume of today’s day session (9:00 – 15:30) is 76,175 contracts.
* Monthly average daily volume of TOCOM
Jan 2009 Feb 2009 Mar 2009 Apr 2009 135,843 153,643 127,831 117,300