Tokyo Commodity Exchange: Modifications In Number Of Contract Months For Gold Mini Contract

The Tokyo Commodity Exchange (TOCOM) has received the approval from the Ministry of Economy, Trade and Industry (METI) to modify its Market Rules, with regards to the number of contract months available for Gold Cash-settled Futures Transactions.

As is the case for Gold Physically Delivered Futures Transactions (Gold Standard transactions), there will be six contract months available for Gold Mini transactions on and after July 7, 2008.

In accordance with this modification in the number of contract months (from three contract months to six contract months), the 4th, 5th and 6th contract months will be available for trade on and after July 7, 2008.

Contract months available on and after July 7, 2008:

The first trading day for new contract months listed after August 2008 (i.e: after the August 2009 contract expires), will be the second business day following the Last Trading Day of the Current Contract Month (i.e: the business following the first trading day of a new contract month for Gold Standard transactions).

Also, the first trading day of the December 2008 contract to be listed in June 2008, will still be the business day following the Last Trading Day (i.e: June 26, 2008).