Commodities Now Glossary

Japan-Voluntary Emissions Trading Scheme (JVETS) Under the J-VETS, companies receive subsidies to implement mitigation activities in line with voluntary commitments and can resort to emissions trading (incl. offsets) to meet their commitments with more flexibility. Though growing, impact remains limited: over the first three years of the scheme, participants (288 companies) have reduced their emissions by about one million tCO2e. The J-VETS has contributed to the development of MRV system, third-party verification system, and the registry system. The J-VETS has been incorporated to the Experimental Integrated ETS as one of participating options.

Jakarta Futures Exchange (JFX) - The primary function of JFX is to provide the facilities for members to meet and transact in futures contracts. Prices are determined via an electronic method, through the efficient interaction of demand and supply in a trading system. Bids to buy, and offers to sell, are entered in a computer trading system and are continuously matched by the system. This continuous auction system ensures competitive pricing within a fair and safe marketplace.

Joint Implementation (JI) Mechanism provided by Article 6 of the Kyoto Protocol, whereby entities from Annex I Parties may participate in low-carbon projects in hosted in Annex I countries and obtain Emission Reduction Units in return.

J-Oil Exchange (JOX) - JOX offers two types of service, one is for Trader Members who can join on-line trading as traders and the other is for Viewer Members who can access real-time trading results reports as subscribers. All deals on this site shall be over the counter deal between two parties, and every contract and settlement after deals done shall be made by the respective parties directly. Accordingly, Trader Members shall have to meet the membership qualifications.

Johannesburg Stock Exchange (JSE) - The JSE Ltd (“JSE”) is licensed as an exchange under the Securities Services Act, 2004 and Africa’s premier exchange. It has operated as a market place for the trading of financial products for nearly 120 years. In this time, the JSE has evolved from a traditional floor based equities trading market to a modern securities exchange providing fully electronic trading, clearing and settlement in equities, financial and agricultural derivatives and other associated instruments and has extensive surveillance capabilities. The JSE is also a major provider of financial information. In everything it does, the JSE strives to be a responsible corporate citizen.

JustCommodity - has established itself as the industry leading Commodity Trading and Risk Management software solution provider in Asia for the agricultural commodity sector, servicing some of the largest commodity trading houses in the world, including Forbes Global 2000 and Fortune 500 companies.