Tokyo Commodity Exchange: Response To The Suspended Trading Session On May 12

Tokyo Commodity Exchange Inc. (TOCOM or “the Exchange”) announced today that the Exchange accepted an offer from its president and CEO Masaaki Nangaku of voluntarily returning 10% of his monthly compensation to take responsibility for the suspended trading session on May 12.

The primary cause of the problem, which caused the suspended trading session, is still under investigation. However, Nangaku recognizes his responsibility as the head of TOCOM for causing suspension of the session despite Exchange’s duty of providing stable market functions.

TOCOM is committed to working to restore confidence of the market by reassuring safe and stable operation of the trading system.