Introducing “TOCOM NEXT”: Nikkei-TOCOM Commodity Index Market
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Tokyo Commodity Exchange, Inc. (“TOCOM” or the “Exchange”) announced that the Nikkei-TOCOM Commodity Index market, which is planned to be opened on March 23, 2010, will be called “TOCOM NEXT” and the Exchange also released the below logo.
The name “TOCOM NEXT” is a combination of the word “TOCOM” (the abbreviation of Tokyo Commodity Exchange, Inc.) and “NEXT”, in reference to the fact that this index market represents both the center piece of the Exchange’s future listing line-up as well as a new type of investment product that wasn’t offered before.
TOCOM NEXT is a market that offers the opportunity to trade the Nikkei-TOCOM Commodity Index, which reflects an overall price level of commodities including energy and precious metals, and is designed to provide an easy way to invest in commodities. Among a heighten interest in commodity investments, the Exchange will strive to build up TOCOM NEXT as one of its flagship contracts.
*Note: TOCOM NEXT is scheduled to be launched after approval from the Minister of Economy, Trade and Industry.