Financial Times FT.com

Tokyo Commodities Exchange to run 24 hours

By David Turner in Tokyo

Published: June 27 2007 22:00 | Last updated: June 27 2007 22:00

Japan’s biggest commodities exchange plans to introduce 24-hour electronic trading. The move by the Tokyo Commodities Exchange is an attempt to attract foreign investors and fend off criticism that it is slowing Tokyo’s drive to become Asia’s leading international financial centre.

The world’s largest commodity futures exchanges, such as the New York Mercantile Exchange and the Chicago Mercantile Exchange, offer internet-based trading virtually round the clock. Yet Tocom offers only five hours of trading.

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