TOCOM`s New President & CEO Assumes Office

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Wed Jun 24, 2009 3:30am EDT

Tadashi Ezaki Appointed Head of Japan`s Top Commodity Exchange
TOKYO--(Business Wire)--
Tokyo Commodity Exchange Inc. (TOCOM or "the Exchange") held its first annual
meeting of shareholders and board of directors meeting today, where Tadashi
Ezaki, Special Advisor, has been elected as the new President & CEO effective on
the same day. The former President & CEO, Masaaki Nangaku, accepted his new
office as Senior Executive Adviser. 

Mr. Ezaki joined the then Ministry of International Trade and Industry (MITI,
presently the Ministry of Economy, Trade and Industry) in 1965 after graduating
from Tokyo University with a degree in law. Since becoming Deputy Director of
the Commerce and Information Policy Bureau in 1980, he acquired a rich expertise
in the commodity futures market by supervising the development of the market,
including the launch of a gold future contract, TOCOM`s main product today. He
also gained a deep insight into finance thanks to his career path as a Director
of the Industrial Policy Bureau at MITI, an Adviser for Nomura Research
Institute, Ltd and as President of the Shoko Chukin Bank. Energy and the
precious metal industry are the areas of expertise he has cultivated as
Director-General of the Agency of Natural Resources and Energy. 

At his appointment as President & CEO, Mr. Ezaki made the following comments:
"My mission is to further pursue TOCOM`s business strategies in line with our
Midterm Management Plan and to enhance the function of the Exchange by improving
the reliability and convenience of our markets for participants, which
ultimately will lead to a higher corporate value. Through these efforts, we will
firmly position ourselves as a primary derivatives exchange in Asia, and
eventually as one of the preeminent exchanges in the world. This presidency
mantle is truly challenging, but also rewarding. I think that we can achieve our
goals by making the necessary efforts." Under the leadership of Mr. Ezaki, TOCOM
is committed to make the recovery of market liquidity a priority, leading to the
expansion of TOCOM`s commodity futures markets. 

About Tokyo Commodity Exchange (TOCOM)

Tokyo Commodity Exchange, Inc. (TOCOM www.tocom.or.jp) is Japan`s largest
commodity futures exchange with a trading volume of 41 million contracts,
representing an 80% market share, in 2008, and one of the most prominent
exchanges in Asia. Futures and Options contracts on a variety of industrial
products are traded (i.e.: gold, silver, platinum and palladium in the precious
metals market; crude oil, gasoline and kerosene in the oil market; aluminum and
rubber). TOCOM was established in 1984 as a result of a merger between the Tokyo
Textile Exchange, founded in 1951, the Tokyo Rubber Exchange and the Tokyo Gold
Exchange. Tokyo Commodity Exchange was demutualized in December 2008.TOCOM went
live with a new trading system based on the suite of trading and clearing
platforms provided by the NASDAQ OMX Group, Inc. in May 2009. 

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Tokyo Commodity Exchange, Inc.
Keiko Koyama, +81-3-3661-7567
Public Relations
koyama@tocom.or.jp



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