Tokyo Commodity Exchange (Tocom) is exploring ways of modernising and attracting international users, including trading system developments as well as new and revised contracts, following reports of a potential merger of Japanese exchanges under the Tokyo Stock Exchange (TSE) banner (see FO Week Vol 12 No 16).
Exchange officials have been reported as acknowledging that Tocom's trading system is "old-fashioned", for instance in its failure to support algorithmic trading, and are committed to replacing it. However, it may take up to a year to formalise a plan...