On April 20, 2012, the Tokyo Commodity Exchange, Inc. ("TOCOM" or the "Exchange") concluded an agreement with Nasdaq OMX. This agreement allows the Exchange to use the current trading system, of which license period expires in May 2014, for a maximum extended period of 5 years, or until May 2019.
During the extended period, TOCOM will take a good look at government initiatives on the "Integrated Exchange" vision as well as other external environment surrounding the Exchange, including exchanges overseas, and will examine the best suitable trading system for the Exchange.
