Media Release
BSE signs MoU with Federation of Indian Export Organisations
Mumbai, September 17th 2018: BSE has signed a MoU with the Federation of Indian Export Organisations (FIEO) to create awareness about the benefits of commodity/derivatives market and encourage commodity stakeholders to hedge on exchange. MoU was signed on September 12, 2018. BSE and FIEO will be collaborating together for the growth and development of the value chain participants and enable them to face competition and manage price risk better.
As a part of this MoU, BSE will share its knowledge and expertise to educate exporters about listing and fund raising options through BSE platform. BSE and FIEO would be organizing awareness sessions at various clusters across India on the subject and also on currency and commodity strategies and related topics. Both the entities have made significant progress in their respective areas for the growth and development of the commodities market and then decided to enter into the MoU to mutually share their knowledge.
On this occasion, Shri Ashishkumar Chauhan, MD & CEO, BSE said, “The awareness about the benefits of listing on Commodity exchange is very less. BSE will partner with FIEO to devise curriculum on financial markets starting with commodities, currencies and equities. Training will be imparted to the participants at various long term and short term courses on international business that will be run by FIEO from time to time across the country under the joint certification programmes by BSE and FIEO.”
Shri Khalid Khan (Regional Chairman – FIEO, WR) said, “FIEO and BSE Ltd will jointly organise training activities on international business and financial markets. This will result in creation of competent and deserving human resource for international business. Currently volatility in exchange rates and fund raising is a major concern for any exporter and signing of MoU at this juncture will definitely support trade significantly.”
About FIEO: The Federation of Indian Export Organisations represents the Indian entrepreneur’s spirit of enterprise in the global market. Known popularly as "FIEO", this apex body of Indian export promotion organizations was set up jointly by the Ministry of Commerce, Government of India and private trade and industry in the year 1965. FIEO is thus a partner of the Government of India in promoting India's exports.
About BSE
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.
Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full innovation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.
Media Contact:
Yatin Padia /Rahul Vyas
02222728516 / 2272 8472
Yatin.padia@bseindia.com / Rahul.vyas@bseindia.com
Mihir Dani / Priyadarshini Sinha
mihir.dani@adfactorspr.com/ priyadarshini.sinha@adfactorspr.com