Fort of Commodity Futures in Kansai District “Kobe Silk Center Building”

Apr. 24, 2023

In March 22, 1978, forty five years ago, Kobe Silk Center Building owned by Kobe Silk Exchange completed and started its business. The building was eight floors above ground, one floor underground, and on the 8th floor of the top, there were a trading room, a president room, an office and meeting rooms, concentrating exchange function and the other floors were rented all.
From the time of completion, large companies moved in the floors: NEC Corporation moved in the 1st – 3rd floors and SUMITOMO LIFE INSURANCE COMPANY moved in the 5th – 7th floors.
After that, Kobe Silk Exchange merged to Kansai Agricultural Commodities Exchange in April 1997, becoming Kansai Commodities Exchange (the present Osaka Dojima Exchange). When Kobe Silk Center Building was designed, it was wise that tenant income had been considered as an important matter. Without tenant income, Dojima Exchange could not survive certainly.
Meanwhile, a new building of Tokyo Grain Exchange, that went into liquidation in 2013, completed in December 1987 and it was seven floors above ground, one floor underground and several affiliated organizations moved in there at the same time. The building was composed of marble panels and Greek Ionic order colonnades, and it was a dignified one but there is no shadow or no shape now. In those days, I wanted Tokyo Commodity Exchange to move in the building of Tokyo Grain Exchange and to take over it but it is impossible even if I say it now.
At the time of completion of Kobe Silk Center Building, the headline of its article on our newspaper, Futures Tribune was “Self-defense By A Local Exchange”. Concentration on Tokyo of trading volumes had already begun in those days. However, I hope that Dojima Exchange protects the building and activates the domestic commodity futures markets.

(Futures Tribune・issued April 19, 2023・no.3210)
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