Tuesday May 20 2014
News Source: Global Exchanges
Focus: Other
Type: General
Country: Japan
The Tokyo Commodity Exchange, Inc has announced that the Japan OTC Exchange Inc. (JOE), the joint venture with Ginga Energy Japan Pte. Ltd was granted permission by the Minister of Economy, Trade and Industry for establishment of Facilities Similar to Specified Commodity Market.
Based on this permission, JOE advances the final preparations to establish the following:
1. The Type 1 Facility Similar to Specified Commodity Market
RIM Swap (Bunker A fuel oil, LSA fuel oil)
2. The Type 2 Facility Similar to Specified Commodity Market
- TOCOM Swap (Crude oil, Gasoline, Kerosene, Gas oil, Chukyo-gasoline, Chukyo-kerosene)
- RIM Swap (Gasoline, Kerosene, Gas oil)
Click on the above link for further details.