TOCOM Gold Rolling Spot contract continue to trade heavily in 2016

JAPAN January 06 2017 2:34 PM

TOKYO (Scrap Register): The Tokyo Commodity Exchange's Gold Rolling Spot contract, which was launched in May 2015, continued to trade heavily in 2016 with an average daily volume of 15,634 contracts, up 22.1% year-on-year.

TOCOM Dubai Crude Oil volume made a second consecutive annual record at 5,963,788 contracts, up 63.3% year-over-year. 

TOCOM Futures volume for January through December 2016 totaled 26,930,770 contracts, up 10.4% year-over-year, a significant increase.

In 2016, the Bank of Japan’s negative interest rate policy and the increased public spending led to positive real GDP growth. Late in the year, stock prices rose and the yen weakened against the dollar.

This “Trump effect” delivered expectations for improved corporate performance. Commodity markets experienced lulls in summer and into autumn, interrupted by volatility following June’s Brexit vote and November’s U.S. presidential election.

Open interest for all products increased by 124,888 contracts to 540,022, an increase of 30.1% from the end of 2015.