BSE gets SEBI approval to launch futures contract in Gold and Silver
Mumbai, September 26, 2018: BSE, Asia’s oldest exchange and now world’s fastest exchange with the speed of 6 microseconds, adds another feather in its hat by getting SEBI’s approval to launch delivery based futures contract in Gold (1 kg) and Silver (30 kg). Trading of these contracts will be launched on 1st October 2018. Contract start day will be 6th day of contract launch month and last trading day will be 5th day of contract expiry month. The commodity trading session will be from Monday to Friday 10.00am to 11.30/11:55pm. Delivery center of Gold and Silver futures contract will be Exchange designated vaults at Ahmedabad initially and then expanding it Pan India in the second phase.
BSE provides investor with an end to end, integrated transaction processing, with services ranging across the spectrum- from pre trade order management to trading, real time risk management to post trade clearing, and settlement through a central counter party mechanism along with a nationwide depository for facilitating the securities, transaction in a dematerialized form. BSE along with clearing corporation ICCL and depository CDSL, are the financial market infrastructure institutions in capital 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.
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