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TOKYO, Jun 08, 2012 (BUSINESS WIRE) -- The Tokyo CommodityExchange, Inc. (TOCOM), Japan's largest commodity futures exchange, announcedaEUREUR today that it will accept the transfer of soybeans, azuki, cornand raw sugar contracts from the Tokyo Grain Exchange Inc.(TGE).The decision was made at the board of directors meeting on May 30.TOCOM plans to launch an agricultural market in February 2013 andwill manage the processing of open positions and orders remainingon the TGE market. Regarding the transfer of positions and orders, at the time oftermination of trading, open positions on the TGE market will betreated as the open positions on TOCOM's new market. TOCOM willalso treat valid orders accepted by TGE before the termination oftrading as the orders submitted to the new market. Therefore, thosetrading on TGE through the last trading session can seamlesslycontinue on TOCOM's new agricultural market. (Current TGE memberswill require TOCOM membership to participate in this process). Tadashi Ezaki, President and CEO of TOCOM said, "We have decided toopen the agricultural commodity market in careful consideration ofthe profitability and the importance of having an agriculturalmarket in Japan. We will extend our on-going efforts to attract amore diverse set of trading participants and improve the usabilityand reliability of the TOCOM market to agricultural contracts."About Tokyo Commodity Exchange (TOCOM) Tokyo Commodity Exchange,Inc. (TOCOM) is Japan's largest commodity futures exchange with atrading volume of 34.5million contracts, representing nearly 91.7%market share, in 2011, and one of the most prominent exchanges inAsia. Futures and Options contracts on a variety of industrial productssuch as gold, platinum (precious metals market), crude oil,gasoline, kerosene gas oil (oil market), RSS3 (rubber market) aretraded electronically. TOCOM was established in 1984 as a result ofa merger between Tokyo Textile Exchange, Tokyo Rubber Exchange andTokyo Gold Exchange. TOCOM's recent achievements include launching a new tradingplatform based on the Nasdaq OMX technology and extending the nightsession until 4:00 JST. SOURCE: The Tokyo Commodity Exchange, Inc. CONTACT: Tokyo Commodity Exchange, Inc. Keiko Koyama, +81 3 36611660 Global Business Development (global media relations)koyama@tocom.or.jp Copyright Business Wire 2012 -0- KEYWORD: Japan Asia Pacific INDUSTRY KEYWORD: Energy Oil/Gas Natural Resources Agriculture Mining/Minerals Professional Services Finance Other Professional Services SUBJECT CODE: Product/Service. We are high quality suppliers, our products such as Apple Macbook AC Adapter , HP Laptop Power Adaptor for oversee buyer. To know more, please visits Universal USB Power Adapter.
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