Japan's C-Com to launch scrap iron futures

01 Aug 2005

Central Japan Commodity Exchange (C-Com) has revealed plans to offer futures trading on scrap iron starting on 11 October, subject to regulatory approvals.

The 20 tonne contract size has been targeted at scrap metal companies, trading houses and other market participants involved in Japan's industrial processes such as stamping...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.