On October 15, 2024, EDF Trading Japan, a subsidiary of Europe’s largest generator Électricité de France, joined Tokyo Commodity Exchange (TOCOM) as an electricity futures trading member, the exchange announced on the same day.
“EDF Trading has been a market maker on TOCOM for almost a year, and we are delighted to become a member of the exchange; a key step in our development within the Japanese electricity market,” said EDF Trading Japan’s Managing Director Florian Neubauer. TOCOM’s Representative Director and President Takashi Ishizaki said, “We firmly believe that EDF Trading Japan’s membership will further accelerate the growth of market liquidity and create additional trading opportunities for investors.”
TOCOM offers Japan power futures alongside the European Energy Exchange (EEX), which holds an approximately 90% market share. That said, trading volume on TOCOM has been growing and, in addition to EDF Trading Japan becoming a trading member, MUFG Bank joined as a brokering and clearing member last month, becoming the first mega-bank to do so in over 70 years.
With that, TOCOM currently has 45 trading and 12 brokering and clearing members as of October 15, 2024.
According to TOCOM’s statement, “EDF Trading entered the Japanese electricity market in July 2020, opened a Tokyo office in 2021, and
registered EDF Trading Japan as a Japanese retail electricity utility in 2022.”
