The Tokyo Commodity Exchange has lowered its 2010 target for trading volume to 150,000 contracts a day, from a previous goal of 170,000.
But the exchange also said yesterday (April 14) that it was considering introducing several new commodity products. Tocom set out a new management plan to grow trading volumes between 2010 and 2013.
The bourse said it had been forced to downgrade its original target as it was still feeling the effects of the global financial crisis. However, it still expects to achieve more than 170,000 contracts a day in the second half of 2010. As a result, the exchange still believes it will make the forecast ¥1.3bn ($14m) loss this...