TOCOM Palladium

From MarketsWiki
Jump to navigation Jump to search

HKEX 728x90 v6.gif

TOCOM Palladium futures trade on the Tokyo Commodity Exchange (TOCOM). They were launched on August 3, 1992[1].

Each TOCOM Palladium futures contract represents 500 grams of deliverable grade palladium, which is defined as fine palladium of minimum 99.95% purity, and its delivery date is set as the last day of each even month except December (the 24th for December). If the day is a holiday or a half-holiday, Delivery Day is advanced.

As of July 2008, each TOCOM Palladium futures contract is subject to a margin rate of 120,000 yen for the spot month and 60,000 yen for the other months[2].

In 2007, TOCOM Palladium futures traded 207,867 contracts (-42.5 percent YOY), and, in June 2008, traded 41,103 contracts (+79.3 percent YOY).

TOCOM Palladium futures
Exchange Tokyo Commodity Exchange
Settlement Physically delivered
Contract Size 500 g
Pricing Unit 500 yen
Tick Value 500 yen
Contract Months All even months within a year
Last Trading Day The third business day prior to the Delivery Day
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A 9:00 a.m. to 11:00 a.m. , 12:30 p.m. to 5:30 p.m.
Ticker Symbol N/A N/A
Price Limits N/A Daily Price Fluctuation Limits are determined based on the largest market price movement within a certain period of time and are set at a level where the probability that they will be reached is very low[3].



Tokyo Commodity Exchange Palladium Futures Contract Specifications


  1. Palladium Contract. Tokyo Commodity Exchange.
  2. Margin and Price Limit. Tokyo Commodity Exchange.
  3. Margin and Price Limit. Tokyo Commodity Exchange.