Following the significant growth in crude oil futures, TOCOM has received numerous requests from market participants to relax position limits, which would allow for more trading. Markets Home Active trader. Crude Oil futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the seller, a specific quantity of crude oil (eg. Example: E-mini Light Sweet Crude Oil futures contracts are traded in 0.025 increments and the full-sized Light Sweet Crude Oil Futures in 0.01 increments. as whole crude petroleum. The Nikkei-TOCOM Crude Oil Double Bull ETN, created by Nomura Securities and listed on JPX, uses the TOCOM Crude Oil Leverage Index and has a volatility ratio of 2:1, moving twice as much as the TOCOM Crude Index. No Position Limits. Traded oil futures on the Tokyo Commodity Exchange dipped 2.22% month on month to 244,825 trades in July, and slid 46.87% year on year, latest TOCOM data showed Tuesday. WTI (West Texas Intermediate, a US light sweet crude oil blend) futures provide direct crude oil exposure and are the most efficient way to trade oil after a sharp rise in US crude oil production. For contract specifications, please click here Find out the Margin Requirements for each product here 16.08 oz) Silver of minimum 99.99% fineness Palladium of minimum 99.95% fineness 1 kg (approx. 5 Min Signal: 1 Hour Signal: 1 Day Signal: Sell: Strong Buy: Strong Buy: Contract Specifications of Crude Oil. NYMEX Brent crude oil futures are traded in units of 1000 barrels (42000 gallons) and contract prices are quoted in dollars and cents per barrel. As SPAN Margining System started from January 4, 2011, Japan Securities Clearing Corporation (JSCC) will set its parameters based on historical price fluctuation. WTI Crude oil futures are the West Texas Intermediate, (WTI) or light sweet crude oil that is stored and distributed in Cushing, Oklahoma and has long been a benchmark for oil prices. Level 1 (S1) Level 2 (S2) Level 3 (S3) 31,830: 31,723: 31,657: MCX Crude Oil : Buy Signal / Sell Signal. Micro Gold. Day session on the next business day of the Last Trading Day of the current contract month. ), Final Execution Price of Individual Auction, Yen-based monthly average value of Dubai calculated by the Exchange based on the prices reported by a price information vendor (as a general rule, platts), Six consecutive months (On the day when a new contract month is generated, there will be six consecutive months starting from the month which the said day belongs to.). TSR is a class of natural rubber and, along with Ribbed Smoked Sheet (RSS), are key […] The Tokyo Commodity Exchange, Inc. (TOCOM) listed their new Technically Specified Rubber (TSR) futures contracts on October 9, 2018 after receiving regulatory approval from the Minister of Agriculture, Forestry and Fisheries and the Minister of Economy, Trade and Industry. Contract Specifications. Closing Call Auction (Ita-awase) : 3:15 p.m. (JST) This marked the second straight month of decline, TOCOM data showed. Supply - World crude oil supply in 2019 fell by -0.7% yr/yr to 101.2 million bpd in December 2019 from 101.9 million bpd at the end of 2018. The contract gained popularity among Japanese retail investors. Open Interest by Categories [Weekly] (Platts Cash-settled Lorry Gas Oil) Contract Specifications (Platts Cash-settled Lorry Gas Oil) 2017/5/8: Dubai Crude Oil: Quotes for Individual Products (Dubai Crude Oil) Open Interest by Categories [Weekly] (Dubai Crude Oil) Contract Specifications (Dubai Crude Oil) 2001/9/10(Trial listing) TOCOM to Adjust Crude Oil Futures Contract Specifications in January 2015 10.21.2014 The Tokyo Commodity Exchange, Inc. announced today that it has received regulatory approval on October 17 to change the specifications of Crude Oil futures beginning with the June 2015 contract with trade starting on January 5, 2015. 50 kl (approximately 314,5 barrels) / contract. ), Six consecutive months (On the day when a new contract month is generated, there will be six consecutive months starting from the month which the day belongs to.). Tokyo Commodities Exchange (TOCOM) - Tocom Crude Oil This page lists all futures symbols for the selected exchange. Day session on the last business day of the current contract month. and 4:30p.m. Cash Markets. The Tocom had an existing Middle East crude oil futures contract priced in yen in a locals-only market, based on the average Oman/Dubai crude price published by Platts. More. TOCOM Product Code: 33 Brent Crude Last Day Financials Futures. 3.215 oz) … For the purpose of this contract, condensates are excluded from the definition of crude petroleum. The point of this analysis is to measure the market quality of China's first crude oil futures market accepting that the market is in its early stages. - 4:00a.m. TOCOM Dubai crude oil futures saw a significant growth in 2015, reaching 3,651,528 contracts, four times larger than the previous year. In contrast, kerosene contracts posted the largest month-on-month slump of 41.77% to 10,072 trades. 5:00pm – 4:00pm (Sun–Fri) CT with a 60-minute break each day beginning at 4:00pm CT . SGX plans to trade its US dollar-denominated Meco futures contract on the SGX electronic trading system subject to regulatory approval, while Tocom plans to change the rules on its existing crude oil futures contract to use Platts prices in the calculation of the final settlement price, subject to … JPY Nikkei 225. The CME trades two main types of crude oil: light sweet crude oil and Brent crude oil. Created by Nomura and listed on JPX, the product uses the TOCOM Crude Oil Leverage Index and has a volatility ratio of 2:1, moving twice as much as the TOCOM Crude Index. 1000 barrels) at a predetermined price on a future delivery date. Additionally, the settlement price displayed on the Daily Bulletin matches that of the full-sized contracts for purposes of marking-to-market, as the contracts are fungible, on a 2:1 basis. USD Nikkei 225. Previously, crude oil futures settled with the monthly average of Platts Dubai and Oman prices. Contract : Gas Oil : Exchange : TOCOM : Tick Size : 10 points (JPY 500 per contract) Daily Limit : consult exchange : Contract Size : 50 kiloliters : Trading Months : All Months : Trading Hours : 9:00a.m. Grades and Quality Specifications Medium sour crude oil, of which the quality specifications are as follows: the gravity is 32.0 degrees API and sulfur content is 1.5% by weight. By contrast, CME contracts are based on light sweet crude oil found in the U.S., Middle East and Far Eastern countries and ICE contracts are priced on North Sea oil. Position limits are not applicable; however, if it is deemed necessary by the Exchange, a limit on positions will be established. A business day following the Last Trading Day of the current contract month. The light sweet futures contract calls for the delivery of 1,000 barrels of crude oil in Cushing, Oklahoma. Light sweet crude oil meeting all of the following specifications and designations shall be deliverable in satisfaction of futures contract delivery obligations under this rule: 200101.A. Tokyo Commodity Exchange, Inc. website. Trading Signals for Tocom Crude Oil with Buy, Sell, Hold recommendations, technical analysis, and trading strategy. Copyright©Tokyo Commodity Exchange, Inc. Allrights reserved. The minimum price fluctuation is one cent per barrel or $10 per contract. Gold of minimum 99.99% fineness 500 g (approx. The light sweet futures contract calls for the delivery of 1,000 barrels of crude oil in Cushing, Oklahoma. Middle East crude oil (The value of Dubai which acts as the benchmark price of Middle East crude oil. Singapore — 0258 GMT: Crude oil futures continued their upward trajectory during mid-morning Asian trade Dec. 11 as vaccine momentum intensified following an endorsement of the Pfizer-BioNTech vaccine by the US Food and Drug Administration advisory committee, and crude demand from India and China also supporting sentiment. Hear from active traders about their experience adding CME Group futures and options on futures to their portfolio. E-Mini Crude Oil Futures. A business day following the Last Trading Day of the current contract month. Deliverable Crudes . TOCOM Dubai crude oil futures saw a significant growth in 2015, reaching 3,651,528 contracts, four times larger than the previous year. KC HRW Wheat. Opening Call Auction (Ita-awase) : 8:45 a.m. (JST) Day session on the last business day of the current contract month. This change better aligned the contract with the practices of the Japanese petroleum trading community, where Dubai crude oil prices are more widely accepted as the benchmark. Crude oil finished the year up +34.5% yr/yr at $61.06 a barrel. Bloomberg Tickers: CPA, Japan Securities Clearing Corporation (JSCC). Opening Call Auction (Ita-awase) : 4:30 p.m. (JST) Contract specifications On the CME and ICE, one full contract of crude oil settles for 1,000 barrels or 4,200 gallons of the commodity, and the price quotation is in the U.S. dollar and cents per barrel. Singapore — The crude oil market in Asia started the week of Dec. 14 lower, as negotiations over a US stimulus package remained stalled, while the prospect of more Iranian oil amid near-term uptick in COVID-19 cases, offset the optimism brought by the granting of an emergency authorization by the US Food and Drug Administration … U.S. crude oil production in 2019 rose by +11.3% yr/yr to 12.238 million barrels per day. The CME trades two main types of crude oil: light sweet crude oil and Brent crude oil. As the ETN becomes more active, TOCOM Dubai crude oil futures volume is growing. Use WTI Crude Oil futures to hedge against adverse oil price moves or speculate on whether WTI oil prices will rise or fall. The issuer uses TOCOM futures to hedge its exposure. The deliverable grades and the premiums and discounts will be stipulated separately by the Exchange. Continuous Trading (Zaraba) : 4:30 p.m. to 5:25 a.m. of the following morning (JST) Traded oil futures on TOCOM in December were all lower from the previous month, with Dubai crude oil contracts posting the smallest decline of 4.49% to 414,934 trades in December. Continuous Trading (Zaraba) : 8:45 a.m. to 3:10 p.m. (JST) Day Session MCX Crude Oil : Support Levels. TOCOM Crude futures now use Dubai crude as its sole underlying product (beginning with the June 2015 contract). Circuit Breaker Trigger Level (Static Circuit Breaker (SCB) Level) Closing Call Auction (Ita-awase) : 5:30 a.m. of the following morning (JST), 50 kl (approximately 314,5 barrels) / contract, The SCB trigger level is to be set everyday at the start of a new clearing period (i.e.the start of a night session at 16:30) and is based on the settlement price of the previous clearing period (or the settlement price of the preceding contract month, in case of a new contract month), The DCB trigger level is to be set based on DCB Reference Price (the last traded price,in principle). Understand the makeup and importance of contract specifications associated with a futures contract. 1. Market Data Platts Dubai Crude Oil All. 3. Middle East crude oil (The value of Dubai which acts as the benchmark price of Middle East crude oil. The number of outstanding beneficiary rights of the ETN has risen to 100 million units. The Exchange responded to these requests by removing limits on Dubai crude as of June 1, 2015, as a part of the Exchange’s ongoing efforts to improve market usability . Each TOCOM Crude Oil futures contract represents 50 kiloliters of Middle East crude oil (the average value of Dubai and Oman which acts as the benchmark price of Middle East crude oil. Factors behind this includes (1) oil prices becoming extremely volatile amid global oversupply, economic slowdown and geopolitical tensions in the Middle East; (2) the change to Dubai crude oil as the sole underlying product, which is convenient for commercial participants; and (3) strong volume of an ETN tracking TOCOM Dubai Crude Oil prices, which prompted active hedging. NYMEX versus ICE. Please see the website of Japan Securities Clearing Corporation (JSCC) for more details. Contract Month. The Singapore contract was launched in November 2002, but failed to gain liquidity. Read more news. (Tokyo) Value of One Futures Unit : JPY 50 : Value of One Options Unit : JPY 50 : Last Trading Day Price Increment . ), and there is no delivery for TOCOM Crude Oil futures. Reuters Contract Detail: TCE/JCO As of July 2008, each TOCOM Crude Oil futures contract is subject to a margin rate of 180,000 yen. Contract Unit. At 10:55 am Singapore time (0255 GMT), the ICE Brent February contract … Day session on the next business day of the Last Trading Day of the current contract month. JPY 10 per 1 kiloliter. We see our TOCOM Dubai Crude Oil contract winning stronger recognition as a Middle East oil benchmark. - 3:15pa.m. Trading Hours. Ultra 10 Year US Treasury Note. Find a broker. At 10:58 am Singapore time (0258 GMT), the … Yen-based monthly average value of Dubai calculated by the Exchange based on the prices reported by a price information vendor (as a general rule, platts), Opening Call Auction (Ita-awase): 8:45 a.m. (JST), Opening Call Auction (Ita-awase) : 4:30 p.m. (JST), The SCB trigger level is to be set everyday at the start of a new clearing period (i.e.the start of a night session at 4:30 p.m. (JST)) and is based on the settlement price of the previous clearing period (or the settlement price of the preceding contract month, in case of a new contract month), The DCB trigger level is to be set based on DCB Reference Price (the last traded price, in principle). ... Contract Specifications Futures Expirations First Notice Dates Options Expirations Economic Calendar CME Group Education. TOCOM Crude Oil Standard Middle East crude oil (The value of Dubai which acts as the benchmark price of Middle East crude oil.) However, limits may be set if the exchange finds it TOCOM crude oil futures prices are quoted in yen per kiloliter and are traded in lot sizes of 50 kiloliters (13,210 gallons). 32.15 oz) 100 g (approx. The ICE Brent Crude futures contract is a deliverable contract based on EFP delivery with an option to cash settle against the ICE Brent Index price for the last trading day of the futures contract. We s… Factors behind this includes (1) oil prices becoming extremely volatile amid global oversupply, economic slowdown and geopolitical tensions in the Middle East; (2) the change to Dubai crude oil as the sole underlying product, which is convenient for commercial participants; and (3) strong volume of an ETN tracking TOCOM Dubai Crude Oil prices, which prompted active hedging. Purpose of this contract, condensates are excluded from the definition of crude oil: light sweet crude:. Tocom product Code: 33 Reuters contract Detail: TCE/JCO Bloomberg Tickers: CPA, Japan Clearing... 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