TOCOM Gold Daily Futures Open Interest Exceeds 50,000 Contracts

6.10.2015

 

The Tokyo Commodity Exchange Inc., announced today open interest of Gold Daily Futures reached 50,316 contracts, exceeding 50,000 contracts for the first time since its launch on May 7, 2015.

TOCOM’s Gold Daily Futures contract has no maturity date, which makes the product attractive to the retail investors that trade foreign exchange.

Gold Daily Futures is traded in the contract unit of 100 grams per contract. Gold Mini Futures, which was launched on July 17, 2007, is traded in the same contract unit size. It took about a month for open interest for Gold Mini reached beyond the level of 50,000 contracts (50,143 contracts on June 13, 2008).

[ Reference] TOCOM Gold Daily Futures Open Interest

May 7, 2015 - Launch day
10,814 contracts
May 29, 2015 – End of the Launch Month
43,610 contracts
June 10, 2015
50,316 contracts

 

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