Huge broker response to BSE Commodities segment
Mumbai, September 30, 2018: BSE, Asia’s oldest exchange and now world’s fastest exchange with the speed of 6 microseconds has already registered 142 trading members and 27 clearing members in commodity derivatives segment.
BSE MD and CEO Mr Ashishkumar Chauhan said ‘we had received 442 expressions of interest from members. We are overwhelmed, humbled and encouraged by the tremendous response. We thank all brokers for reposing their faith in us’.
After getting approval from capital and commodity market regulator Sebi, BSE announced the commencement of commodity derivatives trading from October 1, 2018 in delivery-based futures contract in gold and silver. The leading bourse has decided to waive transaction charges for the first year in commodities derivatives segment. The introduction of superior technology in BSE will encourage more participants in the commodities markets. Through its commodity trading platform, BSE will encourage trading in delivery based products in its endeavour to make India a price-setter in the commodities market.
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 also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. 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.
Yatin Padia / Rahul Vyas
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