BSE registers record turnover of INR 135 cr on the 2nd day of trading in Brent Crude Oil futures contract
Mumbai: January 29, 2020: BSE, Asia’s oldest exchange and now world’s fastest exchange with the speed of 6 microseconds, made a stellar debut in in Brent Crude Oil futures trading.
On the second day of trading, the Brent Crude Oil futures on BSE witnessed a record turnover of INR135 cr. The contract clocked a traded volume of 3, 18, 800 barrels with open interest of 10,700 barrels. The Brent Crude Oil futures was officially launched by Shri S K Mohanty, Whole Time Member, SEBI, on 27th January 2020.
Commenting on the record turnover, Shri Sameer Patil, Chief Business Officer, BSE, said, “We have received a remarkable response in the first two days of the launch of the Brent Crude Oil futures contract. We would like to thank all the participants for their consistent support and look forward to serving the needs and interests of the Indian energy commodities space.”
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, 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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