The Tokyo Commodity Exchange, Inc. announced today updates to exchange trading hours and contract specifications. The changes, designed to offer increased trading opportunities, will start in July 2014 and are pending regulatory approval.
Firstly, trading hours will be updated from July 22nd. The day session will close at 15:15 JST (previously 15:30) and the night session will start at 16:30 JST (previously 17:00), adding 15 minutes overall. The overnight opening corresponds with active European trading and the adjustments should be of particular benefit to these market participants.
Secondly, TOCOM will adjust the First Trading Day for a New Contract Month. From July 25, 2014, the First Trading Day of a New Contract Month will start from the night session immediately following the Last Trading Day of the current contract month (currently, trading begins with the day session on the first business day following the Last Trading Day of the current contract month).
TOCOM is working to improve the convenience of its markets with increased trading opportunities and plans to implement more measures to enhance liquidity.
[Changes to Trading Hours ]
| Present | From July 22 | |
|---|---|---|
|
Day Session
|
9:00 – 15:30 JST
|
9:00 – 15:15 JST
|
|
Break Between Sessions
|
1 hour 30 minutes
|
1 hour 15 minutes
|
|
Night Session
|
17:00-4:00 JST |
16:30- 4:00 JST |
[ First Contracts to be Generated under New Schedule]
| Market Divisions | Listed Products | Contract Months | First Trading Day of a New Contract |
|---|---|---|---|
| Rubber Market | Rubber | January 2015 | Friday, July 25, 2014 |
| Oil Market | Gasoline, Kerosene, Gas Oil | February 2015 | Friday, July 25, 2014 |
| Crude Oil | January 2015 | Thursday, Julyl 31, 2014 | |
| Chukyo-Oil Market | Gasoline, Kerosene | February 2015 | Friday, July 25, 2014 |
| Precious Metals Market | Gold (Standard & Mini), Silver, Platinum (Standard & Mini), Palladium | August 2015 | Tuesday, August 28, 2014 |
| Agricultural Product & Sugar Market | Azuki | January 2015 | Monday, July 28, 2014 |
| Raw Sugar | September 2015 | Thursday, JUly 31, 2014 | |
| Soybean | August 2015 | Friday, August 15, 2014 | |
| Corn | September 2015 |
Note: The new rule will not apply to Gold Options trading.
