Tokyo exchange asserts independence

04 Dec 2006

Tokyo Commodity Exchange (Tocom) has denied rumours that it has been exploring the possibility of merging with other futures exchanges. The exchange has seen significant increases in trading volume among its flagship precious metals contracts this year, leading market sources to speculate that it might have been looking...

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“At this point in time, we will not be supporting this [parliamentary] inquiry. But we put it on notice that in a future time, which we envisage will be in the next four weeks or so, we will, unless Wayne Swan does the bleeding obvious and stops this going forward,”

Australian senator Barnaby Joyce on the proposed ASX-SGX merger