Trading volumes of crude oil futures increased sharply this year as investors bet on oil prices rebound.
The trading volume of Dubai crude oil futures has been on the rise lately in Tokyo, with the open interest hitting 112,288 contracts at the Tokyo Commodity Exchange , Inc. (TOCOM). This contract has shown record breaking increases in open interest for two consecutive days.
Compared with subsided trading activity on other domestic commodities futures, investments are flowing into ETNs (exchange-traded notes) that are linked to Tocom's Dubai crude oil futures.
Tocom's Dubai crude-linked ETNs was created by Nomura Securities and listed on the Tokyo Stock Exchange in 2013. It was initially designed to act as a benchmark for Asian crude, like West Texas Intermediate in the U.S. market and Brent crude in Europe, but since traded in yen and kilolitres, it has remained primarily a local investment tool for the domestic Japanese market.
Back to the numbers, it is the first time for the total number of outstanding orders for this contract to reach above 110,000 since the launch on September 10, 2001. TOCOM Dubai Crude Oil open interest reached 92,283 contracts yesterday, surpassing the 90,000 mark for the first time.
At the end of today’s session, open interest for all products was 450,380 contracts. The outstanding figure managed to recover the 450,000 barrier for the first time in eight years. The highest open interest across the TOCOM markets was 456,630 contracts on July 17, 2008.
The trading volume of Dubai crude oil futures has been on the rise lately in Tokyo, with the open interest hitting 112,288 contracts at the Tokyo Commodity Exchange , Inc. (TOCOM). This contract has shown record breaking increases in open interest for two consecutive days.
Compared with subsided trading activity on other domestic commodities futures, investments are flowing into ETNs (exchange-traded notes) that are linked to Tocom's Dubai crude oil futures.
Tocom's Dubai crude-linked ETNs was created by Nomura Securities and listed on the Tokyo Stock Exchange in 2013. It was initially designed to act as a benchmark for Asian crude, like West Texas Intermediate in the U.S. market and Brent crude in Europe, but since traded in yen and kilolitres, it has remained primarily a local investment tool for the domestic Japanese market.
Back to the numbers, it is the first time for the total number of outstanding orders for this contract to reach above 110,000 since the launch on September 10, 2001. TOCOM Dubai Crude Oil open interest reached 92,283 contracts yesterday, surpassing the 90,000 mark for the first time.
At the end of today’s session, open interest for all products was 450,380 contracts. The outstanding figure managed to recover the 450,000 barrier for the first time in eight years. The highest open interest across the TOCOM markets was 456,630 contracts on July 17, 2008.
Devexperts Teams Up with nuam Exchange to Boost Equity and Derivatives Trading
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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