TOKYO - September 7, 2012 (Investorideas.com Mining stocks newswire) 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.
(TOCOM Gold Standard Futures Open Interest since April 2008)
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/
Contacts
Tokyo Commodity Exchange, Inc. Keiko Koyama, +81 3 3661 1660 Global Business Development (global media relations) koyama@tocom.or.jp
More Info:
This news is published on the Investorideas.com Newswire and its syndicated partner network
News now!
Get Free investor news and stock alerts:
Sign up here
Disclaimer: The following news is paid for and /or published as information only for our readers.Investorideas.com is a third party publisher of news and research. Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All Investment involves risk and possible loss of all investment. Disclaimer in full, Investorideas.com Disclosure Please read individual disclosures for featured stocks.
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info
