Tokyo Commodity Exchange: Taiwanese Regulator Recognizes Gold Rolling Spot As “Eligible Foreign Futures”

The Tokyo Commodity Exchange (TOCOM) announced yesterday that the Gold Rolling Spot Futures contract has been recognized by the Financial Supervisory Commission of Taiwan (FSC) as “eligible foreign futures” for Taiwanese traders.

Since Gold Rolling Spot launched in May 2015 trading volume and open interest has steadily increased to become one of the most actively traded commodities on the Exchange. In August, monthly volume accounted 15.6 percent of the Exchange's total volume. At the end of the month open interest was over 110,000 contracts.

At TOCOM, international customer trades constitute approximately half of exchange trading volume (52.1% in June 2016, 50.5% in July). We intend to capitalize on this development by actively promoting our market to Taiwanese investors with local brokers. This will include seminars and a marketing campaign.

A total of 16 of TOCOM’s listed commodities have been recognized as eligible foreign futures by the FSC: Gold, Gold Mini, Gold Rolling Spot, Silver, Platinum, Platinum Mini, Palladium, Dubai Crude Oil, Gasoline, Kerosene, Chukyo-Gasoline, Rubber, Soybean, Corn, Raw Sugar and Azuki

2016 Trades from Taiwan  (Unit: Contract)