is expected to take on about 10 of the around 35 employees at the grain exchange, which may be dissolved following the transfer.
According to TOCOM
officials, the SXG had asked the TOCOM
to cooperate on the launch of the futures because Asian economies have seen sharp fluctuations in crude oil prices following the September terror attacks in the United States and recent oil price increases.
In February 2013, TOCOM
plans to launch an agricultural market listing soybeans, azuki (red bean), corn and raw sugar.
KVH, a TOCOM
designated proximity service vendor, has developed a proximity hosting environment suited for ultra low latency trade execution from a single point to multiple exchanges using its high-speed optical fiber networks and data center strategically located in proximity of the major exchanges.
and the Tokyo Commodity Exchange, known as TOCOM
, said Wednesday that they have signed a memorandum of understanding on comprehensive cooperation in various areas including joint development of new financial products and services.
MetaBit is the only provider of pure FIX-to-native exchange connectivity to TSE, OSE, JASDAQ and TOCOM
The TSE and TOCOM
aim to form a joint study group later this month, according to the sources.
Under the agreement, the TSE and TOCOM
will work together to develop exchange-traded funds tracking gold, crude oil, and other commodities as well as commodity indexes and list them on the TSE.
will start trial trading in the futures possibly in early August, it said.
tie up in developing commodity-linked ETFs
Futures trading increased sharply at both TOCOM
(Tokyo Commodity Exchange) and KRE (Kobe Rubber Exchange), but only a slightly at SICOM Singapore Commodity Exchange).
The leading contracts at TOCOM
saw month-over-month declines that outweighed increases in energy contracts and led to an overall decrease in volume; Gold Standard was down 12.