The Tokyo Commodity Exchange announced trading activities during November. The monthly trading volume reached 1,915,388 contracts and the total average daily volume was 100,810 contracts, up by 5.1% from October 2015, down by 24.1% from the last year. TOCOM’s most traded contract, Gold’ ADV was decreased by 0.9% to 28,790 contracts while Gold Daily futures volume surged to 28,790 contracts with an increase of 40.7% MoM. Crude Oil volume also rose 17.5% to 17,786 contracts. These products led an overall increase for the month.
Looking at shares of TOCOM’s products, Gold accounted for 28.56% and Crude Oil accounted for 17.64%.
On November 30, Gold Daily futures volume marked the best trading volume since its launch in March 2015, reaching 29,471 contracts. Gold Daily Futures with no expiration date and is particularly attractive to retail investors.
In November, gold and platinum prices fell with expectations of an impending FRB’s interest rate increase. Crude Oil market remained bearish on oversupply concerns, though the prices temporarily rose on growing geo-political risk after the attacks in Paris.
34.3% of the total volume was traded in night session while it accounted for 41.8% in October.
At the end of November, open interest of all products was 412,542 contracts, increased by 4.1% (16,099 contracts) from the previous month.
TOCOM November 2015 Trading Volume Breakdown
(Source: Tokyo Commodity Exchange (TOCOM))