---
title: "東京商品取引所 (TOCOM)"
aliases: ["Tokyo Commodity Exchange", "TOCOM", "東京商品取引所"]
domain: securities
created: 2026-05-20
last_updated: 2026-07-30
last_tended: 2026-07-30
review_by: 2026-11-20
confidence: likely
tags: [securities, commodities, exchange, derivatives, market-infrastructure]
status: active
sources:
  - "https://www.jpx.co.jp/english/corporate/about-jpx/profile/05.html"
  - "https://www.jpx.co.jp/english/derivatives/products/energy/"
---

# 東京商品取引所 (TOCOM)

## Wiki route

This entry sits under [[securities/INDEX|securities index]]. Read it against [[securities/osaka-exchange|大阪取引所 (OSE)]] for peer / contrast context and [[securities/financial-instruments-business-operators-japan-index|financial instruments business operators japan index]] for the broader system / regulatory boundary.

## TL;DR

Tokyo Commodity Exchange is JPX's commodity-exchange subsidiary for energy futures. JPX's official profile says TOCOM provides and operates a commodity market for energy futures trading.

For FinWiki, TOCOM is the commodity-derivatives branch of the JPX complex and should be kept distinct from [[securities/osaka-exchange|OSE]] financial derivatives and [[securities/tokyo-stock-exchange|TSE]] cash securities.

## System Map

The following table is scoped to public primary sources (jpx.co.jp). It restates licence / structure / product boundaries from those materials and does not invent market share, ranking, or unstated numerical claims. ^[source:jpx.co.jp]

| Layer | TOCOM reading |
|---|---|
| Parent | [[financial-regulators/japan-exchange-group|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|JSCC]] after commodity-clearing integration. |

## Market Role

The following table is scoped to public primary sources (jpx.co.jp). It restates licence / structure / product boundaries from those materials and does not invent market share, ranking, or unstated numerical claims. ^[source:jpx.co.jp]

| 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

TOCOM matters when the question is not about equity finance but about energy-price risk, commodity hedging, and Japan's comprehensive exchange model. It also helps explain why JPX is broader than a stock exchange holding company.

## Related

- [[financial-regulators/japan-exchange-group]]
- [[securities/osaka-exchange]]
- [[securities/japan-securities-clearing-corp]]
- [[trade/jetro-organization-structure]]

## Sources

- JPX: Company Profile, Tokyo Commodity Exchange.
- JPX: Energy derivatives information.