SPECIAL FEATURE 14/04/2005

Japan Raw Silk Futures on way to Volatility Breakout

• Launched in 1951.

• Exchange - Yokohama Commodity Exchange (Y-COM)

• Web Site : http://host-a077.y-com.or.jp/renew/english/index_e.htm

• Trading Methodology : Sessional Market

• Trading Hours : 9.10AM, 11.00 AM, 1.10 PM, 3.00 PM (Japanese Time)

• Contract Months : Six consecutive months from the current month

• Last Trading Day : 3rd business day prior to the delivery day

• Minimum Price Fluctuation : JPY 1 per kilogram

• Contract Unit : 150 kg.

• Brokerage Fee : RM 250.00

• Tick Value : RM 4.80 (JPY 1 = RM 0.032)

• Active Month : 6th Month

• Liquidity - Very Low!

• Initial margin - JPY 32,000 (RM 1,024 at JPY 1 = RM 0.032)

Current Development:
Japan Raw Silk Futures is characterized as low volume market. The sixth month is most active market. When Raw Silk is getting more volatile, trading volume can go above 500 contracts for the active month.

Monthly volatility breakout in the process:

Monthly chart is currently congesting and RPTS expect market to be volatile in May or June. RPTS is looking forward to trading Volatility Breakout in Japan Raw Silk :-)

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