Volatility has been a direct driver of record volumes in commodities after the major 1 day gold dip in April, Japan’s commodity bourse suffered a decline in volumes on the back of low volatility in May.
Japan's premier commodity bourse, the Tokyo Commodity Exchange (TOCOM), announced trade volumes for the month of May. The exchange witnessed a massive dip in trade volumes, with the largest fall in its benchmark yellow metal contract.
The exchange’s volume averaged 109,818 contracts per day in May, a decline of 29.6% from April 2013. Average daily volume for most listed commodities fell: Gold was down 35.1% to 53,134 contracts, Platinum was down 20.9% to 16,015 contracts and Crude Oil was down 25.1% to 4,114 contracts.
The surge in commodity trading in April backed up by Volatility and major price movements in precious metals saw record trading at exchanges. The dip in volumes in May is attributed to a lower volatility in the commodity markets from the previous month.
In addition, the markets reacted in April to the Federal Reserve Banks ( FRB) discussions on possible QE3 reductions. Commodity trading is heavily weighted to China, the largest consumer of major commodities, the world’s second biggest economy, announced that their GDP (in 2013 ) was suffering and may not meet previous expectations.
May has been a busy month for Japan's equity markets and the wider region, stock markets declined across Asia after China’s Purchasing Managers’ Index (PMI) dropped below 50 on May 23. In Japan, the Nikkei Stock Average fell 1,143 yen in one day.
Japan has been one of the leading markets for commodity trading, TOCOM, was once regarded as the world’s second-largest commodities exchange after the New York Mercantile Exchange. As a result of government changes to protect individuals investors, traders have shied away and TOCOM has been overtaken by China’s Shanghai and Dalian exchanges.
Gold, Gold (mini) and Rubber are three of the more popular products traded on TOCOM. In 2012, these three products accounted for 66% of all products traded on TOCOM according to data on the exchanges website.
The top commodity brokers with the highest trading volume in standard Gold contracts (according to data on the exchange's website):
Gold Standard (1kg) - Ranking Member (highest at top)
Newedge Japan, Inc.
Nissan Century Securities Co., Ltd.
Dot Commodity, Inc.
KOYO SECURITIES CO., LTD.
Hoxshin Bussan Co., Ltd.
Phillip Securities Japan, Ltd.
Astmax Trading., Inc.
Okato Shoji Co., Ltd.
Okachi & Co., Ltd.
DAIICHI COMMODITIES CO., LTD.
On a global scale commodity exchanges have been propping up across countries that are developing their financial markets structure, Asia has been leading the front with markets like; Nepal, China and India each holding more then four commodity trading exchanges.
Alex Krainer, a portfolio manager of the AITF fund at Altana Wealth, an asset management firm, believes commodities will continue to hold solace as an alternative asset class for investors. In a talk with Forex Magnates, he says: “Commodity prices might be headed higher despite the fact that we are headed for a global economic recession. Past ten years' rise in commodity prices has fully reversed a century of steady declines. Keep in mind that the last century saw a 3-fold increase in world population and a 20-fold expansion of the world economy. Economic growth can only account for a part of the dramatic reversal in commodity prices – the other part has to do with the erosion of purchasing power of the US Dollar as well as other major currencies. This erosion is likely to continue taking commodity prices considerably higher over the coming years.“
Japan's premier commodity bourse, the Tokyo Commodity Exchange (TOCOM), announced trade volumes for the month of May. The exchange witnessed a massive dip in trade volumes, with the largest fall in its benchmark yellow metal contract.
The exchange’s volume averaged 109,818 contracts per day in May, a decline of 29.6% from April 2013. Average daily volume for most listed commodities fell: Gold was down 35.1% to 53,134 contracts, Platinum was down 20.9% to 16,015 contracts and Crude Oil was down 25.1% to 4,114 contracts.
The surge in commodity trading in April backed up by Volatility and major price movements in precious metals saw record trading at exchanges. The dip in volumes in May is attributed to a lower volatility in the commodity markets from the previous month.
In addition, the markets reacted in April to the Federal Reserve Banks ( FRB) discussions on possible QE3 reductions. Commodity trading is heavily weighted to China, the largest consumer of major commodities, the world’s second biggest economy, announced that their GDP (in 2013 ) was suffering and may not meet previous expectations.
May has been a busy month for Japan's equity markets and the wider region, stock markets declined across Asia after China’s Purchasing Managers’ Index (PMI) dropped below 50 on May 23. In Japan, the Nikkei Stock Average fell 1,143 yen in one day.
Japan has been one of the leading markets for commodity trading, TOCOM, was once regarded as the world’s second-largest commodities exchange after the New York Mercantile Exchange. As a result of government changes to protect individuals investors, traders have shied away and TOCOM has been overtaken by China’s Shanghai and Dalian exchanges.
Gold, Gold (mini) and Rubber are three of the more popular products traded on TOCOM. In 2012, these three products accounted for 66% of all products traded on TOCOM according to data on the exchanges website.
The top commodity brokers with the highest trading volume in standard Gold contracts (according to data on the exchange's website):
Gold Standard (1kg) - Ranking Member (highest at top)
Newedge Japan, Inc.
Nissan Century Securities Co., Ltd.
Dot Commodity, Inc.
KOYO SECURITIES CO., LTD.
Hoxshin Bussan Co., Ltd.
Phillip Securities Japan, Ltd.
Astmax Trading., Inc.
Okato Shoji Co., Ltd.
Okachi & Co., Ltd.
DAIICHI COMMODITIES CO., LTD.
On a global scale commodity exchanges have been propping up across countries that are developing their financial markets structure, Asia has been leading the front with markets like; Nepal, China and India each holding more then four commodity trading exchanges.
Alex Krainer, a portfolio manager of the AITF fund at Altana Wealth, an asset management firm, believes commodities will continue to hold solace as an alternative asset class for investors. In a talk with Forex Magnates, he says: “Commodity prices might be headed higher despite the fact that we are headed for a global economic recession. Past ten years' rise in commodity prices has fully reversed a century of steady declines. Keep in mind that the last century saw a 3-fold increase in world population and a 20-fold expansion of the world economy. Economic growth can only account for a part of the dramatic reversal in commodity prices – the other part has to do with the erosion of purchasing power of the US Dollar as well as other major currencies. This erosion is likely to continue taking commodity prices considerably higher over the coming years.“
Noel Quinn's Surprise Exit Marks End of an Era at HSBC
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.
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
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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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
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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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
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
📣 Stay updated with the latest in finance and trading!
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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
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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
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
Register now to secure your spot: https://bit.ly/3JbUpCK
#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.
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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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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