Tuesday, February 12, 2013

Tokyo Commodity Exchange Starts Trading Farm Goods

TOKYO (Nikkei)--The Tokyo Commodity Exchange officially renamed itself the Tokyo Commodity Exchange on Tuesday and started trading agricultural products.

The new bourse took four commodities, including corn and soybeans, from the Tokyo Grain Exchange, which halted all transactions on Friday, before it enters liquidation procedures.

The Tokyo Commodity Exchange's trading volume accounts for about 99% of the domestic commodities market.

The Osaka Dojima Commodity Exchange also changed its name on Tuesday from the Kansai Commodities Exchange. The bourse took over rice futures contract from the Tokyo Grain Exchange.

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