Dojima Exchange (ODEX) held a briefing session on rice futures in the information exchange meeting at Tokyo trading session by ZenBeiko－a nationwide specified rice grain dealers organization－for its members on July 25.
Specified rice grain is rice that has been passed through a 1.7 mm sieve and its price has wild movements than common staple rice. Therefore, rice dealers are calling for specified rice grain to be treated as futures.

47 OTC FX Traders in Japan－Trading Value in June of 1 Quadrillion 120 Trillion 9 Billion 700 Million Yen

According to the Over-The-Counter (OTC) Forex (FX) monthly preliminary report announced by The Financial Futures Trading Association of Japan on July 12, trading value traded by customers of 47 OTC FX traders in June was 1 quadrillion 120 trillion 9 billion 700 million yen (0.6 percent up from May and 13.7 percent up year on year). Trading value in short positions at the end of June was 4 trillion 536 billion 400 million yen, trading value in long positions at the end of June was 4 trillion 118 billion 900 million yen, and 8 trillion 655 billion 300 million yen in total (1.8 percent down from May and 3.0 percent down year on year). Japanese

TFX Established Its Subsidiary for Credit Risk Trading Business

Tokyo Financial Exchange (TFX) established its subsidiary for credit risk trading business“Credit Risk Management Platform Inc.” on June 26.
The purpose is improving liquidity regarding credit risk trading such as loan receivable transfer transaction between financial institutions. TFX will introduce the business to each financial institution from around October, and then, it will begin offering the business in April 2025. Initial capital of the subsidiary is 400 million yen and it is a wholly owned subsidiary of TFX.
The office is located within TFX（1－8－2, Marunouchi, Chiyoda-ku, Tokyo）and operates with a small number of employees. Officers have not yet been announced. Japanese

Former President of Tokyo Grain Exchange Lectured Rice Futures Scheduled to Launch in August at the University of Tokyo

Mr. Yoshiaki Watanabe who is the former president of Tokyo Grain Exchange (TGE)－that was dissolved in 2013－lectured rice futures transaction scheduled to launch on Dojima Exchange (ODEX) in August to students of the Faculty of Economics at the University of Tokyo on July 10.
He served as the administrative Vice－Minister of Agriculture, Forestry and Fisheries (MAFF) which has jurisdiction over the domestic commodity futures industry, and he was the president of TGE when it started its rice futures transaction as trial listing once.
In the lecture, he mentioned a wide variety of things such as the history of rice futures that was the first public derivatives transaction in the world in 1730 and its product characteristics.

JTFE June Trading Volume of 21 Million 20 Thousand, 21.1 % Up from May

Tokyo Financial Exchange (TFE) trading volume in June was 2,315,198 of Exchange FX“Click 365”(4.2 percent down from May, 15.8 percent down year on year), among them, Click 365 Large was 2,565. Total trading volume in June was 21,020,450 (21.1 percent up from May, 27.4 percent down year on year) and average daily trading volume was 1,051,023.
Total trading value was 2 trillion 509 billion 900 million yen, and for each currency pair among them, the top was 795 billion 200 million yen of USA/JPY. The following was 575 billion 800 million of MXN/JPY and 188 billion 100 million yen of AUD/JPY.  Japanese

June Trading Volume of Commodity Futures in Japan of 1 Million 630 Thousand, 34.5% Down From May

As for June trading volume of 36 products listed on the commodity futures exchanges in Japan, Osaka Exchange was 1,353,065 (37.5 percent down from May), Tokyo Commodity Exchange (TOCOM) was 119,933 (1.0 percent down), Dojima Exchange was 157,697 (22.5 percent down) and 1,630,695 (34.5 percent down).
In terms of trading volume for each product, the precious metals of Osaka Exchange ranked first to third. The first place was 653,896 of standard gold (36.5 percent down from May), the second place was standard platinum of 236,078 (33.8 percent down) and the third place was 159,339 of mini gold (18.4 percent down). Japanese

First Announcement of Rice Price Index－June index value of 15,634 yen

On June 28, Dojima Exchange(ODEX) began announcement of “Japanese Rice Price Index”－JRPI－that becomes estimated market price of rice index futures market scheduled to start in August and calculated the index for this June at 15,634 yen.
Target of the rice index futures market isn’t specific production area brands that were targeted in the previous rice futures market but national wide average rice price for staple food, therefore, ODEX designed to make it easy for rice farmers and dealers in all regions to participate. JRPI is a reference value of average rice price, and by announcement of JRPI at the end of each month and by linking the index to rice price, trading participants can intuitively image the market price. Japanese

Rice Futures Scheduled to Start in August

The Minister of Agriculture, Forestry and Fisheries(MAFF), Tetsushi Sakamoto held a press conference after the cabinet meeting on June 21, concluded “It conforms to the approval standards and it is also appropriate to approve” regarding rice futures applied by Dojima Exchange(ODEX), and notified ODEX of the approval through MAFF in the afternoon on the same day. English