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Sept 16: Tocom OKs Direct Mkt Access To Overseas Investors

SINGAPORE (Dow Jones)–The Tokyo Commodity Exchange Tuesday announced a slew of initiatives to increase volumes, including direct access to overseas investors, a market maker program, opening of membership to proprietary firms and increased position limits for investment trusts.

Some of the initiatives may be implemented as early as next month, according to a statement.

Tocom proposes to introduce “remote membership” for overseas investors that would allow them direct access, enabling them to trade directly without opening an office in Japan or routing trades through a broker member.

Once approval from the Ministry of Economy, Trade and Industry is obtained, remote membership for overseas investors and opening of membership for proprietary trading firms could begin Oct. 8.

A senior Tocom official had told Dow Jones Newswires last week a plan for remote membership was in the offing.

Source: Dow Jones

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This entry was posted on Wednesday, September 16th, 2009 at 6:24 pm and is filed under Rubber News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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