Yokohama Commodity Exchange (横浜商品取引所) (Y-COM) was a futures exchange based in Yokohama, Japan which operated from 1998 to 2006.
The exchange was formed in 1998 from the merger of the Yokohama Raw Silk Exchange ( 横浜生絲取引所) and the Maebashi Dried Cocoon Exchange ( 前橋繭糸取引所). [1]
As of 1 April 2006 the exchange merged into the Tokyo Grain Exchange ( 東京穀物商品取引所), [2] with silk and vegetables contracts moved there. The exchange's closure was due to declining trading volumes. [3] Although 2005 and 2006 were boom times in commodity speculation in other areas like oil and metals, that action didn't extend to Yokohama.
Y-COM's end as a separate organisation was another in an ongoing consolidation of exchanges in Japan. In 1983 for instance there were 19 regional exchanges, with the closure of Y-COM there remained only 6.
Trading was conducted in an " Itayose" auction-like system. [1] There were four sessions each day, in which a single price was established for each contract month for each commodity.
Commodities traded were
In the past dried cocoons were traded.
Yokohama Commodity Exchange (横浜商品取引所) (Y-COM) was a futures exchange based in Yokohama, Japan which operated from 1998 to 2006.
The exchange was formed in 1998 from the merger of the Yokohama Raw Silk Exchange ( 横浜生絲取引所) and the Maebashi Dried Cocoon Exchange ( 前橋繭糸取引所). [1]
As of 1 April 2006 the exchange merged into the Tokyo Grain Exchange ( 東京穀物商品取引所), [2] with silk and vegetables contracts moved there. The exchange's closure was due to declining trading volumes. [3] Although 2005 and 2006 were boom times in commodity speculation in other areas like oil and metals, that action didn't extend to Yokohama.
Y-COM's end as a separate organisation was another in an ongoing consolidation of exchanges in Japan. In 1983 for instance there were 19 regional exchanges, with the closure of Y-COM there remained only 6.
Trading was conducted in an " Itayose" auction-like system. [1] There were four sessions each day, in which a single price was established for each contract month for each commodity.
Commodities traded were
In the past dried cocoons were traded.