Welcome to the fourteenth edition of our monthly e-newsletter. If you have any questions, comments or suggestions, please contact news@metalreg.com.
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In this month’s issue:
· TOCOM - to launch Platinum Mini Futures Contract
· SHFE - commences publication of Warehouse Daily Stock Figures
· C-COM - announces changes to its Ferrous Scrap and Nickel Futures Contracts
· HKEx - commences Gold Futures Trading
· DTCC & LCH Clearnet - announce plans to merge
· EU-REACH - Pre-Registration Deadline 30 November 2008/Only Representative (OR) Association launched
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TOCOM - TO LAUNCH PLATINUM MINI FUTURES CONTRACT
Due to market volatility and a high level of interest from individual investors, the Tokyo Commodity Exchange (TOCOM) announced that it will launch a Platinum Mini Futures Contract.
Launch is scheduled for November 2008 and is subject to receiving regulatory approval from the Ministry of Economy, Trade and Industry (METI).
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SHFE - COMMENCES PUBLICATION OF WAREHOUSE DAILY STOCK FIGURES
From 6 October 2008, the Shanghai Futures Exchange (SHFE) started publishing warehouse daily stock figures on its website. These can be found, along with the SHFE's weekly stock figures, by accessing the following links to the SHFE's website:-
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C-COM - ANNOUNCES CHANGES TO ITS FERROUS SCRAP AND NICKEL FUTURES CONTRACTS
The Central Japan Commodity Exchange (C-COM) has announced the following changes:-
Nickel
The Nickel Futures Contract trial period expired on 1 September 2008 and the Exchange has decided not to extend it. This is due to market circumstances and the Nickel Futures Contract will be de-listed.
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HKEx - GOLD FUTURES CONTRACT TRADING COMMENCES
The Hong Kong Exchanges and Clearing Limited (HKEx) confirmed that the Exchange commenced Gold Futures Trading on 20 October 2008 with a total turnover of 480 contracts. The Exchange's aim is to provide a deep liquidity pool within the Asian Time zone enabling price discovery and risk management.
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DTCC & LCH.CLEARNET - ANNOUNCE PLANS TO MERGE
The Depositary Trust & Clearing Corporation (DTCC) and LCH.Clearnet Group announced jointly on 22 October 2008 that they had signed non-binding heads of terms regarding a proposed merger of the two companies. The aim of the proposed merger is to create the world's leading clearing house.
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EU REACH - PRE-REGISTRATION DEADLINE/ONLY REPRESENTATIVE ASSOCIATION LAUNCHED
The Pre-Registration deadline is set for midnight 30 November 2008 and it is understood that this deadline is unlikely to be extended. It is vitally important that companies pre-register with the European Chemicals Agency (ECHA) otherwise they will either have to stop importing substances into the EU or will have to carry out full registration of substances with immediate effect.
To help non-EU manufacturers, nine companies have joined together to officially launch a professional industry association - the Only Representative Organisation (ORO). The association aims to set standards and provide a voice for this sector of industry as REACH legislation is interpreted and implemented. It will hold its first general assembly on 9 December 2008.
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