TOKYO--()--Tokyo Commodity Exchange, Inc, Japan's largest commodity futures exchange and one of the most prominent exchanges in Asia announced today that open interest for its Gold standard futures contract was 152,524 contracts at the closing of September 6, exceeding the 150,000 level for the first time since August 5, 2008.
It is presumed that the gold market is attracting investment again while the price advances in expectations running high for another stimulus package by the US Federal Reserve Bank.
About Tokyo Commodity Exchange (TOCOM)
Tokyo Commodity Exchange, Inc. (TOCOM) is Japan's largest commodity futures exchange with a trading volume of 34.5million contracts, representing nearly 91.7% market share, in 2011, and one of the most prominent exchanges in Asia. Futures and Options contracts on a variety of industrial products such as gold, platinum (precious metals market), crude oil, gasoline, kerosene gas oil (oil market), RSS3 (rubber market) are traded electronically. In February 2013, TOCOM plans to launch agricultural market listing soybeans, azuki, corn and raw sugar. TOCOM was established in 1984 as a result of a merger between Tokyo Textile Exchange, Tokyo Rubber Exchange and Tokyo Gold Exchange.
TOCOM's recent achievements include launching a new trading platform based on the Nasdaq OMX technology and extending the night session until 4:00 JST to overlap US and European business times. www.tocom.or.jp/