Tokyo Commodity Exchange Volumes Down in August

Japan's main commodities bourse, the Tokyo Commodity Exchange (TOCOM) has posted a 4.7% drop in month on month volumes for August 2013. Its key gold contract dropped over 9%.

TOCOM, one of the world’s most liquid exchanges after the CME for commodities trading announced disappointing results for August. Although the metal had a volatile month of price movements, the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term failed to convert this into strong operating numbers.

Overall the exchange reported average daily trading volume at 95,792 contracts per day, a decrease of 4.7% from July 2013. Gold dropped 9.2% to 43,341 contracts; Platinum was down 4.7% to 14,390.

The Tokyo Commodities Exchange may get a surprise competitor, the Japan Exchange, a by-product of the recent merger between the Tokyo Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term and the Osaka Securities Exchange, is planning to develop its derivatives offering and potentially enter the commodities space.