What is TOCOM exchange and trading products on this floor?

In the derivatives trading market, there are 4 major commodity exchanges in the world, with each floor having specific trading products and TOCOM is one of the 4 largest commodity exchanges in the world. . Today, investors and SaigonFutures are invited to learn about TOCOM floor and which trading product is the most popular trading product at TOCOM in the following article!

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I. What is TOCOM floor?

TOCOM floor was merged with the Tokyo Textile Exchange, the Tokyo Rubber Exchange and the Tokyo Gold Exchange in 1984. TOCOM employs 50 individuals and uses an electronic trading system.

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TOCOM was first allowed to trade continuously on an electronic platform in April 1991. In January 2003, the exchange introduced an advanced second generation electronic trading platform. New versions of the avionics were introduced in 2009 and 2013.

II. How does TOCOM exchange work?

1. Items traded at TOCOM

Initially, TOCOM mainly focused on listing rubber, gold, silver and platinum. Over the next nearly two decades, TOCOM's reach expanded even further. In the 1990s, palladium, aluminum, gasoline and kerosene were added to the list of traded goods.

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As of now, TOCOM offers investors the opportunity to trade futures and options on rubber, gold, silver, crude oil, gasoline, petroleum, kerosene, platinum and palladium. . However, gold has the highest trading volume of all commodities traded on the exchange, followed by platinum, gasoline, crude oil and rubber.

Rubber is the most commonly traded commodity at TOCOM

2. Operating time

TOCOM exchange operates two trading sessions per day, with a break between the two sessions:

The session of the day operates from 8:45 am to 3:15 pm. The exchange accepts orders for the daytime session at 8:00 am.

The night session runs from 16:00 to 17:30 for the energy (electrical) and aluminum markets, and from 16:30 to 19:00 for the electricity market. The exchange accepts orders for the daily night session at 16:15.

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The exchange is closed on Saturday, Sunday and public holidays, December 31 and the first three days of the New Year.

TOCOM offers several levels of membership depending on the type of business the member conducts. Applicants must also be a member of the Japan Commodity Payments Association (JCCH) to be considered for membership.

III. Is TOCOM exchange reputable for trading?

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TOCOM is one of the world's largest and most reputable futures exchange. The Vietnam Commodity Exchange is a centralized commodity trading organization and is associated with many reputable commodity exchanges including TOCOM, providing investors with a transparent and secure derivatives trading environment. All under the protection of the Ministry of Industry and Trade.

If you are interested in or trading products of the Energy, Rubber group, you are already a customer of TOCOM floor!

To learn about the commodity market, contact us now Saigon Futures for account opening support and effective trading instructions.

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