TOCOM to Launch Gold Daily Futures Contract on May 7



The Tokyo Commodity Exchange, Inc. (TOCOM) today confirmed the Gold Daily Futures contract launch slated for May 7, 2015. This follows regulatory approval from the Minister of Agriculture, Forestry and Fisheries and the Minister of Economy, Trade and Industry on March 23.

 “Our Gold Daily Futures contract has no maturity date. Those trading foreign exchange or financial products without a maturity date should find Gold Daily Futures easy to trade,” said Tadashi Ezaki, President & CEO of TOCOM. “We are developing this new contract to be a top product at TOCOM by taking advantage of growing interest in commodity investment.”

The Contract Specifications for the contract can be found here. The Business Rules will be announced on the Exchange website in due course.