The Tokyo Commodity Exchange (TOCOM) announced on September 1, 2016, the exchange signed a Memorandum of Understanding (MOU) with CITIC Futures International Co. Limited. The MOU establishes a cooperative relationship where the parties will collaborate on mutually beneficial business opportunities. They will also pursue projects to increase market liquidity, reliability and operating efficiency.

CITIC Futures International is a Hong Kong subsidiary of CITIC Group, a major state-owned conglomerate in China. CITIG Group was established in 1979 and operates in finance, energy, manufacturing and real estate. Currently, CITIC Futures International is applying for a TOCOM remote broker membership. Through the partnership, TOCOM and CITIC Futures Company Limited, the parent company of CITIC Futures International based in Shenzhen, are planning a joint marketing project in mainland China.

Recentry, TOCOM reported its record highs of open interest in Gold Rolling Spot and Dubai Crude Oil.

(Source: Tokyo Commodity Exchange )

Related Articles:

• 2016/08/22 Tokyo Commodity Exchange discloses Gold Rolling Spot hits All-Time High for the Open Interest
• 2016/08/10 Dubai Crude Oil open interest hit a new high for 3 consecutive days at Tokyo Commodity Exchange
• 2016/08/05 Tokyo Commodity Exchange reports July ADV grew by 5.9 percent MoM
• 2016/07/21 Tokyo Commodity Exchange reports International Customer Trades Marked Record High for the Two Consecutive Months