The consolidation of Japan’s derivatives exchanges accelerated again yesterday (Monday June 28) when Tadashi Ezaki, chief executive of the Tokyo Commodity Exchange, said Tocom would be interested in listing three of Tokyo Grain Exchange’s most active futures.
The idea echoes Tocom’s agreement a week ago to take over the Gasoline and Kerosene Futures listed by the Central Japan Commodity Exchange, creating an expectation that C-Com will cease to exist.
The fortunes of Japan’s four commodity exchanges have been hit hard...