Rubber volumes fail to improve despite Tocom's extra trading hours
Rubber trading volumes have failed to be boosted by a revamped trading system launched this week on the Tokyo Commodity Exchange (Tocom).
Volume traded has remained thin so far, with just 7,764 lots done on 8 May session, while the evening session on 7 May saw 2,834 lots exchanged, according to figures reported by The Wall Street Journal.
The system has been implemented to boost flagging liquidity levels and is based on trading and clearing platforms provided by NASDAQ OMX Group. Tocom's day session now runs from 0900-1530 local time, while the night session runs from 1700-1900.
But Masaaki Nangaku, chief executive officer of Tocom
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