Trading briefsThis article was originally published in The Public Ledger
JAPAN'S Tokyo Commodity Exchange (TOCOM) has said that it wants to boost average daily trading volume to 170,000 contracts in the second half of fiscal 2010 (150,000 contracts on a full-year basis) in its newly released 2010 fiscal year plant. It will do this through good results from initiatives such as the listing of the Nikkei-TOCOM Commodity Index, the re-opening of gas oil futures trading, and the extension of trading hours. It wants to reduce its operating loss to roughly ¥500m and to sustain that momentum for a return to profitability in the 2011 fiscal year. A further plan is to "implement the necessary system preparations in the event that the Tokyo Grain Exchange uses the TOCOM system".