Each TOCOM Mini-Gold futures contract represents 100 grams of deliverable grade gold, which is defined as fine gold of minimum 99.99% purity, and there is no delivery, unlike Standard Gold contract.
As of July 2008, each TOCOM Mini-Gold futures contract is subject to a margin rate of 18,000 yen .
In the second half of 2007, TOCOM Mini-Gold futures traded 455,212 contracts. In June 2008, TOCOM Mini-Gold futures traded 487,999 contracts.
|TOCOM Mini-Gold futures|
|Exchange||Tokyo Commodity Exchange|
|Contract Size||100 grams (one-tenth of standard contract)|
|Pricing Unit||100 yen|
|Tick Value||100 yen|
|Contract Months||All even months within 6 months (on the day when a new contract month is generated, there will be 3 even months starting from the next even month after the month which the said day belongs to)|
|Last Trading Day||The third business day prior to the Delivery Day|
|Note: This contract is electronic ONLY -- no open outcry|
|No Open Outcry||Electronic|
|Trading Hours||N/A||9:00 a.m. to 11:00 a.m., 12:30 p.m. to 5:30 p.m.|
|Price Limits||N/A||Daily Price Fluctuation Limits are determined based on the largest market price movement within a certain period of time and are set at a level where the probability that they will be reached is very low.|