TOCOM Extended Trading Hours from September 21

9.20.2010

Volume during extended hours (23:00-4:00) was 7,281 contracts,
half of which was transacted in 3:00 - 4:00 period, coinciding with FOMC announcement

 

Tokyo Commodity Exchange, Inc. (“TOCOM” or the “Exchange” hereafter) announced today that the trading volume of the evening session of the previous day, which was extended by five hours until 4:00 am JST as of 21 September. The volume of the entire evening session (from 23:00 of September 21 until 4:00 of September 22) was 32,430 contracts.
(NB: All the times quoted in this document are in Japan Standard Time.)   

As shown in the hourly volume breakdown, trading between 3:00 and 4:00 amounted to 3,537 contracts, or 48.6 percent of the whole trading volume during the extended trading hours.

[Hourly Trading Volume of the Evening Session on September 21]

Time (JST)

18:00

19:00

20:00

21:00

22:00

23:00

24:00

1:00

2:00

3:00

4:00

Hourly volume
(contract)

6,861

4,970

1,384

3,326

5,243

3,361

1,341

1,006

469

928

3,537

Total volume for the extended period = 7,281 contracts

Total volume for the entire evening session = 32,430 contracts

As a result of this extension in trading hours, TOCOM’s market opens at 9:00 and closes at 15:30 for a day session and it reopens at 17:00 and continues until 4:00 (next day) for a night session for Precious Metals, Oil and Commodity Index markets. For Rubber market, the night session closes at 19:00.

After the first day of extended trading hours, Tadashi Ezaki, CEO & President of TOCOM said, “I am pleased that we have successfully extended our trading hours, which cover most of the trading hours of the New York market. This first day coincided with an FOMC meeting and has shown that trades on our market are now responsive to global economic events. We will be proactively communicating on the improved convenience of our market to FX investors in Japan as well as to institutional investors overseas.”

 

 

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