TOCOM Mini-Gold

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TOCOM Mini-Gold futures trade on the Tokyo Commodity Exchange (TOCOM). They were launched on July 17, 2007[1].

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 [2].

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
Settlement Cash settled
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.
Ticker Symbol N/A N/A
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[3].

Notes

Resources

Tokyo Commodity Exchange Gold Futures Contract Specifications

References

  1. Gold Mini Contract. Tokyo Commodity Exchange.
  2. Margin and Price Limit. Tokyo Commodity Exchange.
  3. Margin and Price Limit. Tokyo Commodity Exchange.