TOCOM President & CEO Voluntarily Returns 10% of His Monthly Compensation

5.27.2009

 

Tokyo Commodity Exchange Inc. (TOCOM or “the Exchange”) announced today that the Exchange accepted President and CEO Masaaki Nangaku’s proposal to voluntarily return 10% of his monthly compensation to take responsibility for the suspended trading session on May 12.

The primary cause of the trading session suspension is still under investigation. However, as the head of TOCOM, Nangaku recognizes his responsibility in the Exchange’s failure to fulfill its duty to provide a stable market.

TOCOM is committed to restoring market confidence by reinstating safe and stable operations of the trading system.

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