东京商品交易所 (TOCOM)
#securities#commodities#exchange#derivatives#market-infrastructure
Wiki route
本条目归属于 securities index。请对照 大阪交易所 (OSE) 了解同业／对比背景，并对照 financial instruments business operators japan index 了解更广泛的系统／监管边界。
TL;DR
东京商品交易所是 JPX 旗下专营能源期货的商品交易所子公司。JPX 的官方简介称，TOCOM 为能源期货交易提供并运营商品市场。
对 FinWiki 而言，TOCOM 是 JPX 体系中的商品衍生品分支，应与 OSE 金融衍生品以及 TSE 现货证券保持区分。
System Map
| Layer | TOCOM reading |
|---|---|
| Parent | [[financial-regulators/japan-exchange-group |
| Legal form | Tokyo Commodity Exchange, Inc. |
| Founded | 1951-02-19 |
| Function | Energy commodity futures market operation. |
| Clearing | [[securities/japan-securities-clearing-corp |
Market Role
| Product family | Reading |
|---|---|
| Energy futures | The core official business scope. |
| Commodity derivatives | Commodity law and exchange rules differ from ordinary listed equity markets. |
| Clearing / margin | Commodity derivatives connect into JSCC’s post-2020 comprehensive clearing structure. |
Strategic Reading
当问题不在于股权融资，而在于能源价格风险、商品对冲以及日本的综合交易所模式时，TOCOM 就显得重要。它还有助于解释为何 JPX 比一家股票交易所控股公司更为宽泛。
Related
Sources
- JPX: Company Profile, Tokyo Commodity Exchange.
- JPX: Energy derivatives information.