Off-auction / Off-screen
Off-auction / Off-screen Trading 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
- East Area Baseload Electricity Futures (Weekly)
- West Area Baseload Electricity Futures (Weekly)
- East Area Peakload Electricity Futures (Weekly)
- West Area Peakload Electricity Futures (Weekly)
- East Area Baseload Electricity Futures (Fiscal Year)
- West Area Baseload Electricity Futures (Fiscal Year)
- East Area Peakload Electricity Futures (Fiscal Year)
- West Area Peakload Electricity Futures (Fiscal Year)
- LNG (Platts JKM) Futures
Trading Hours
Energy Market (except for Electricity) and Chukyo-oil Market
8:20～16:30
16:45～6:00 (following day)
Electricity Futures
8:20～16:30
16:45～19:30
Quotation on Off-auction / Off-screen Trading is conducted at integral multiples of the following price unit:
| Product | Price Unit |
| Energy Market（except for Electricity Futures and LNG Futures） Chukyo-oil Market |
JPY 0.1 |
| Electricity Futures and LNG 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 | +/- 60% 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 | +/- 2,000% 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 | ||
| East Area Baseload Electricity Futures (Weekly) | ||
| West Area Baseload Electricity Futures (Weekly) | ||
| East Area Peakload Electricity Futures (Weekly) | ||
| West Area Peakload Electricity Futures (Weekly) | ||
| East Area Baseload Electricity Futures (Fiscal Year) | ||
| West Area Baseload Electricity Futures (Fiscal Year) | ||
| East Area Peakload Electricity Futures (Fiscal Year) | ||
| West Area Peakload Electricity Futures (Fiscal Year) | ||
| LNG (Platts JKM) Futures | +/- 90% of the base price for the daily price limits of the issue |
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-auction / Off-screen trading,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].