JAPAN March 21 2017 3:14 PM
TOKYO (Scrap Register): The Tokyo Commodity Exchange has launched the Platinum Rolling Spot Futures contract on Tuesday. A total of 21,606 contracts were traded on the first trade date.
“We are pleased to announce the good take-off of our new Platinum Rolling Spot Futures. It compares quite well with other contracts listed on our Exchange in recent years including Gold Rolling Spot launched in 2015,” said Takamichi Hamada, President & CEO, TOCOM.
“The Platinum Rolling Spot contract specifications are identical to the Gold Rolling Spot contract. It has no maturity date. We believe it will attract investors that trade foreign exchange on margin as Gold Rolling Spot has done,” Hamada added.
“Now that arbitrage between two Rolling Spot contracts is available, our market supports more diverse trading strategies. We expect it will boost markets for other commodities at TOCOM. We aim to promote our Platinum Rolling Spot Futures so as to take a firm hold in investment community, and to make this a top-listed product at TOCOM,” Hamada noted.