TOCOM February Volumes Driven Up by Gold and Oil

Volatility in the gold and oil markets appear to have helped lift volumes.

The Tokyo Commodity Exchange (TOCOM) today reported results for February trading metrics which showed an increase in customer trading volume which hit a new high for the exchange operator.

Volumes during February reached 2,677,075 contracts from customer traders originating from overseas, and represented just over 50% of the total trading volume of 5,348,160 contracts, thus passing the 50% threshold for the second consecutive month.

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Month-over-month the February rise represented an increase of 190,843 contracts, up 7.6% from the 2,486,232 contracts recorded in January 2016. This brings the total contract volume year-to-date to 5,123,361 contracts across 16 reported product lines. Compared year-over-year, January and February 2016 are higher, from 2,069,541 and 1,820,003 in 2015, respectively, as the company said that this month’s total represented a new record, after last month’s record volumes.

According to a breakdown of the monthly trading volumes, the bulk of February volumes were driven from trading in TOCOM’s Gold related contracts, and Dubai Crude Oil, and followed by Platinum contracts at the exchange.

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50% of Volumes from Gold

Despite the oil segment making up a large portion of the overall volumes, total contracts traded in February amounted to 685,061, slightly lower when compared to the prior month’s total of 703,313 contracts for the Dubai Crude Oil contract. Conversely, trading across the exchange’s gold related contracts, including mini, standard and rolling spot futures, month-over-month increases were significantly higher, a combined 1,401,249, represented more than half of the exchange overall volumes.

This implies that volatility in underlying gold and oil markets during February appears to have helped TOCOM realize the record numbers. Yet, from a longer term view the exchange’s volumes have been on the rise anyway, as it reported in its press release today.


Source: TOCOM
Source: TOCOM



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