Tokyo Commodity Exchange 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 merger of the Tokyo Textile Exchange, founded in 1951, the Tokyo Rubber Exchange and the Tokyo Gold Exchange. The exchange became a for-profit shareholder-owned company in 2008. It
Commodity market and (platinum). However, most ETCs implement a futures trading strategy, which may produce quite different results from owning the commodity. Commodity ETFs trade provide exposure to an increasing range of commodities and commodity indices, including energy, metals, softs and agriculture. Many commodity funds, such as oil roll so-called front-month futures contracts from month to month. This provides exposure to the commodity, but subjects the investor to risks involved in different prices along the "term structure", such as a high cost to roll. ETCs in China and India gained in importance due to those countries' emergence as commodities consumers and producers.