What is the Tokyo commodity exchange?
2 Tokyo Commodity Exchange includes many commodities, but generally deals with futures contracts for products such as oil, precious metals and rubber. Tocom was founded in 1984, a non -profit member organization consisting of a merger between Tokyo rubber stock exchange and Tokyo Gold Exchange.
Commodity futures replacement can also be called commodity exchange. This type of stock exchange deals with futures contracts, which are agreements on the conclusion of commodity trade at a specified price on a particular date. Investors earn money for these contracts by putting money into a commodity they think they will increase value. The date of delivery, which is the date when the purchase is purchased, is a higher commodity in the price than the contractual price, the investor Futures changes profit from the price difference.
In essence, the exchange of commodities is the market for the purchase and sale of Comotivity. In the world of investment are commodities of goods or investments purchased and sold on the commodity stock exchange. Commodities are usually physical goods such as fuel, metal or grain, but can also be financial goods,such as currency if financial goods are traded on the exchange of commodities. The investor, who deals with commodity futures, often locks the low price to protect against losing the cost of the commodity needed to keep her business.
Those who want to invest in TOCOM commodities have access to the market either by applying for a business or broker to trade directly through a company, or by trading through a broker associated with the Tokyo Commodity Stock Exchange. Business or broker members must be Japanese entities. While members of the broker can carry out customers' shops, which means they can offer a business approach to those who do not have membership in access to Tokyo MMODITY for direct trades. The TOCOM business member can only carry out their own stores, but enjoys trading benefits directly with TOCOM.
Associate members, associated members and customerI must trade through a member of the Broker Tokyo Commodity Exchange. A joint member must be an overseas entity. Affiliate members can be either Japanese or overseas. Members of the association and associated members must still trade through brokerage members of Tokyo Commodity Exchange, but associated and associated members have lower margins than customers who decide to obtain membership. In addition to lower margins, overseas members of the Commodities exchange in Tokyo also enjoy lower costs to enter investment with the organization.
Examples of similar stock market markets in the United States include the Chicago Board of Trade (CBOT) and Minneapolis Rirna Exchange, which mainly deal with trading in different types of grain. In Europe, the most popular commodity exchange is the New York Stock Exchange® division (NYSE®), NYSE Euronext®. NYSE Euronext®, which processes many futures commodities for Europe, is the NYSE London International Financial Futures and Options Exchange® (LIFFE®).