BSE becomes India's first Exchange to launch Options on Goods in Gold Mini and Silver kg
Mumbai, June 1 2020: In its endeavour to offer new products to the commodity market participants and to deepen commodity market ecosystem, India’s oldest exchange BSE, launched a first of its kind options on Goods contracts. The two contracts launched today were Gold Mini (100 gms) and Silver Kg. The contracts were launched by Shri S.K.Mohanty Whole Time Member SEBI.
Speaking on the occasion Shri S.K.Mohanty emphasized that this is the right time for the launch of these contracts and congratulated BSE for the launch.
Shri Ashishkumar Chauhan-MD & CEO BSE emphasized that the Options on Goods contracts shall enable small time jewellers,retailers to come forward and hedge their price risk on the BSE Commodity platform.
Shri Sameer Patil -CBO BSE said these contracts are deliverable contracts and shall terminate into physical deliveries at the time of expiry.
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 demutualized 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, commodity 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 also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil, Guar Gum, Guar Seeds & Turmeric.
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 novation, 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.
BSE has set up an Investor Protection Fund (IPF) on July 10, 1986 to meet the claims of investors against defaulter Members, in accordance with the Guidelines issued by the Ministry of Finance, Government of India. BSE Investor Protection Fund is responsible for creating Capital markets related awareness among the investor community in India.
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