TOCOM Launches New System, Updating Trading and Clearing Capabilities

The Tokyo Commodity 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, Inc. (TOCOM) has implemented a new trading and Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term system, culminating in the launch of a new platform accessible via the J-GATE and the JPX Clearing System, which helps address network connectivity and data speed, according to a TOCOM statement.

Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!

The Japan Exchange Group (JPX) collectively operates both J-GATE and the JPX Clearing System, both of which deal with wide swaths of derivatives trading in Japan. The launch of the new system however will help provide TOCOM with a number of advantageous yields across its commodities and financial markets. This includes boosts to market data dissemination speeds, network connectivity gains with JPX, and other benefits.

New Upgrades

Moreover, per the new upgrade, TOCOM also is eying additional financial derivatives traders who participate on the Osaka Exchange, a derivatives arm of JPX. As such, TOCOM will look to roll out a number of marketing and promotional activities that actively support both markets.

The new upgrade is important for TOCOM and JPX market participants as the newly launched platform streamlines trading and research capabilities for both entities. TOCOM’s changes have also resulted in the re-introduction of Gold Options – these options will now operate in a more European mold, also being cash-settled with a six-month-contract system in place.

Last week, TOCOM also made headlines after it enlisted Colt Technology Services to become a market data provider for its exchange. The service will be released alongside the scheduled migration of TOCOM’s derivatives trading to the J-GATE trading system.