Off-floor Trade

Off-floor Transactions on TOCOM

Applicable issues

Available for all issues listed below:

  • Platts Dubai Crude Oil Futures
  • Gasoline Futures
  • Kerosene Futures
  • Gas Oil Futures
  • Chukyo-Gasoline Futures
  • Chukyo-Kerosene Futures
  • East Area Baseload Electricity Futures
  • West Area Baseload Electricity Futures
  • East Area Peakload Electricity Futures
  • West Area Peakload Electricity Futures

Trading Hours

Energy Market(except for Electricity Futures) and Chukyo-oil Market

8:20~16:00
16:15~6:00 (following day)

Electricity Futures

8:20~16:00
16:15~19:00

Quotation Off-floor Transaction is conducted at integral multiples of the following price unit:

Product Price Unit
Energy Market(except for Electricity Futures)
Chukyo-oil Market
JPY 0.1
Electricity Futures JPY 0.01

Price Limits

Within the range of the upper limit and lower limit calculated by the following formula. (In case an order exceeds the daily price limit of the day, the order shall be executed at a price which is within the "Price Limit" calculated by the following formula.)

Product Reference Price Price Limit Range
Platts Dubai Crude Oil Futures Last Price +/- 32% of the base price for the daily price limits of the issue
Gasoline Futures
Kerosene Futures
Gas Oil Futures
Chukyo-Gasoline Futures
Chukyo-Kerosene Futures
East Area Baseload Electricity Futures +/- 90% of the base price for the daily price limits of the issue
West Area Baseload Electricity Futures
East Area Peakload Electricity Futures
West Area Peakload Electricity Futures

Minimum Trading Unit

1 unit.

Mark-to-the-market / Open Interest / Settlement / Margin / Trading Fees

TOCOM treats each issue as a sale and purchase. (i.e. each of the above items is treated the same as that of the auction market.)

Circulation and Announcement of Trading Volume and Contract Price to Transaction Participants and the Public

After the end of trading session, related data shall be distributed to the media. For Off-floor Transactions, 4 price information (open, high, low & close), total trading volume will be published.
On the next day, the same data will be published on the JPX web site [Tokyo commodity Exchange Daily Official List].