Yokohama Commodity Exchange

Abstract:
The Yokohama Commodity Exchange was established by merging Maebashi Cocoon Exchange and Yokohama Raw Silk Exchange. The exchange started operating from the year 1998, but experienced a closure in the year 2006, as the commodity trading volume was continuously declining. The Yokohama Commodity Exchange was merged into Tokyo Grain Exchange on 1st April 2006.
Yokohama Commodity Exchange was situated Yokohama of Japan. It came into existence in the year 1998. Actually, this Yokohama Commodity Exchange was established as a result of the merger between Maebashi Cocoon Exchange and Yokohama Raw Silk Exchange. This Yokohama Commodity Exchange was also known as Y-COM.

The Yokohama Commodity Exchange operated till 31st March 2006. The operations stopped after the Yokohama Commodity Exchange merged in to Tokyo Grain Exchange on 1st April 2006. In the year 2006, the country experienced boom in commodity futures trading of commodities like oil and metals. But, in the same year, Yokohama Commodity Exchange was closed.
The volume of commodity trading was continuously decreasing in this Yokohama Commodity Exchange. This decline in trading volume actually led to the merger decision.
It can be mentioned here, that, while in the year 1983, there were 19 regional commodity exchanges in the country, the figure dropped to 6, in the year 2006, with the closure of Yokohama Commodity Exchange.

When in operation, the Yokohama Commodity Exchange, used to carry out commodity trading through an auction-like system, which was known as Itayose. Everyday, four trading sessions were used to be held in the Yokohama Commodity Exchange. In its’ commodity trading process, the Yokohama Commodity Exchange used to establish a single price for each commodity, for each month of futures contract.

The commodities, whose futures contracts used to be traded in the Yokohama Commodity Exchange, are the following:
Vegetables
Potatoes
Japanese Raw Silk
Dried Cocoons

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