The Tokyo Commodity Exchange (TOCOM) has announced the launch of Gold Physical Transaction, a new physical market for gold.
The exchange has at the same time reported that the number of executed transactions for the first trading day was 14, according to Art of Jewelry.
TOCOM is the only regulated exchange which operates a gold market in Japan and is the most actively traded commodity at the exchange. With the launch of Gold Physical, TOCOM provides a single platform where market participants can trade gold in futures and physical at transparently formed prices.
