TOCOM to Adjust Trading Hours and First Day Trade Schedule from July 2014



The Tokyo Commodity Exchange, Inc. announced today updates to exchange trading hours and contract specifications. The changes, designed to offer increased trading opportunities, will start in July 2014 and are pending regulatory approval.

Firstly, trading hours will be updated from July 22nd. The day session will close at 15:15 JST /6:15 GMT(previously 15:30 JST) and the night session will start at 16:30 JST /7:30 GMT (previously 17:00 JST), adding 15 minutes overall. Orders for the night session will be accepted from 16:15 JST/7:15 GMT (previously 16:45 JST) in the new schedule. The overnight opening corresponds with active European trading and the adjustments should be of particular benefit to these market participants.

Secondly, TOCOM will adjust the First Trading Day for a New Contract Month. From July 25, 2014, the First Trading Day of a New Contract Month will start from the night session immediately following the Last Trading Day of the current contract month (currently, trading begins with the day session on the first business day following the Last Trading Day of the current contract month).

TOCOM is working to improve the convenience of its markets with increased trading opportunities and plans to implement more measures to enhance liquidity.

[Changes to Trading Hours ]

  Present From July 22
Day Session 9:00 – 15:30 JST 9:00 – 15:15 JST
Break Between Sessions 1 hour 30 minutes 1 hour 15 minutes
Night Session 17:00-4:00 JST
(Rubber closes at 19:00 )
16:30- 4:00 JST
(Rubber closes at 19:00)

[ First Contracts to be Generated under New Schedule]

Market Divisions Listed Products Contract Months First Trading Day of a New Contract
Rubber Market Rubber January 2015 Friday, July 25, 2014
Oil Market Gasoline, Kerosene, Gas Oil February 2015 Friday, July 25, 2014
Crude Oil January 2015 Thursday, Julyl 31, 2014
Chukyo-Oil Market Gasoline, Kerosene February 2015 Friday, July 25, 2014
Precious Metals Market Gold (Standard & Mini), Silver, Platinum (Standard & Mini), Palladium August 2015 Tuesday, August 28, 2014

Agricultural Product &
Sugar Market

Azuki January 2015 Monday, July 28, 2014
Raw Sugar September 2015 Thursday, JUly 31, 2014
Soybean August 2015 Friday, August 15, 2014
Corn September 2015

Note: The new rule will not apply to Gold Options trading.