Tokyo Commodity Exchange launched the current trading platform based on the Nasdaq OMX technology in 2009. TOCOM will use Japan Exchange Group’s new derivatives trading platform, Next J-Gate, from September 2016. Tokyo Commodity Exchange Tokyo Commodity Exchange, also known as TOCOM, is Japan’s largest and one of Asia’s most prominent commodity futures exchanges. TOCOM operates electronic markets for precious metals, oil, rubber and soft commodities. It offers futures and options contracts for precious metals (gold, silver, platinum and palladium); energy (crude oil, gasoline, kerosene and gas oil); natural rubber and agricultural products (soybeans, corn and azuki). TOCOM was established in 1984 with the
Precious metal coinage. Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded. The demand for precious metals is driven not only by their practical use but also by their role as investments and a store of value. Historically, precious metals have commanded much higher prices than common industrial metals. A metal is deemed to be "precious" if it is rare. The discovery of new sources of ore or improvements in mining or refining processes may cause the value of a precious metal to diminish. The status of a