Central Japan Commodity Exchange (C-COM) was a

futures exchange A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts defined by the exchange. Futures contracts are derivatives contracts to buy or sell specific quantities of a commodity or ...

based in

Nagoya is the largest city in the Chūbu region of Japan. It is the list of cities in Japan, fourth-most populous city in Japan, with a population of 2.3million in 2020, and the principal city of the Chūkyō metropolitan area, which is the List of ...

Japan Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea ...

that closed in 2011.

History

The exchange was established 1 October 1996 from the merger of the ''Toyohashi Dry Cocoon Exchange'', the ''Nagoya Grain and Sugar Exchange'' and the ''Nagoya Textile Exchange'', all three based in the Aichi prefecture, central Japan. Effective 1 January 2007 C-COM merged into the

Osaka Mercantile Exchange Osaka Mercantile Exchange (OME) was a futures exchange based in Osaka, Japan that merged with the Nagoya-based Central Japan Commodity Exchange in 2007. The exchange was formed on 1 October 1997 from the merger of the ''Osaka Textile Exchange'' a ...

. In 2010 the Japanese government amended the law governing the commodity futures industry, prohibiting unwanted solicitation. This caused increasing difficulty for C-COM and in January 2011 it ceased operation altogether. Trading was conducted at six specified session times through the day. Commodities traded were: * Eggs – cash settled * Gasoil – JIS K2204 grade 1 or 2 (depending on contract month), for physical delivery *

Gasoline Gasoline ( North American English) or petrol ( Commonwealth English) is a petrochemical product characterized as a transparent, yellowish, and flammable liquid normally used as a fuel for spark-ignited internal combustion engines. When for ...

– JIS K2202 Grade 2, for physical delivery *

Ferrous In chemistry, iron(II) refers to the chemical element, element iron in its +2 oxidation number, oxidation state. The adjective ''ferrous'' or the prefix ''ferro-'' is often used to specify such compounds, as in ''ferrous chloride'' for iron(II ...

scrap (introduced 11 October 2005) – Shindachi of various grades, for physical delivery *

Kerosene Kerosene, or paraffin, is a combustibility, combustible hydrocarbon liquid which is derived from petroleum. It is widely used as a fuel in Aviation fuel, aviation as well as households. Its name derives from the Greek (''kērós'') meaning " ...

– JIS K2203 Grade 1, for physical delivery *

Aluminium Aluminium (or aluminum in North American English) is a chemical element; it has chemical symbol, symbol Al and atomic number 13. It has a density lower than that of other common metals, about one-third that of steel. Aluminium has ...

Nickel Nickel is a chemical element; it has symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel is a hard and ductile transition metal. Pure nickel is chemically reactive, but large pieces are slo ...

* RSS3

rubber Rubber, also called India rubber, latex, Amazonian rubber, ''caucho'', or ''caoutchouc'', as initially produced, consists of polymers of the organic compound isoprene, with minor impurities of other organic compounds. Types of polyisoprene ...

* Rubber index * TSR20

Past commodities traded were Azuki beans, dried cocoons,

cotton Cotton (), first recorded in ancient India, is a soft, fluffy staple fiber that grows in a boll, or protective case, around the seeds of the cotton plants of the genus '' Gossypium'' in the mallow family Malvaceae. The fiber is almost pure ...

yarn Yarn is a long continuous length of interlocked fibres, used in sewing, crocheting, knitting, weaving, embroidery, ropemaking, and the production of textiles. '' Thread'' is a type of yarn intended for sewing by hand or machine. Modern ...

, IOM

soybeans The soybean, soy bean, or soya bean (''Glycine max'') is a species of legume native to East Asia, widely grown for its edible bean. Soy is a staple crop, the world's most grown legume, and an important animal feed. Soy is a key source of f ...

, and non- GMO IOM soybeans.

References

{{Authority control Commodity exchanges in Japan Economy of Nagoya 1996 establishments in Japan

History

See also

References