BSE signs MoU with Bombay Metal Exchange
Mumbai, 30th June 2018: BSE has entered into an agreement with Bombay Metal Exchange for the growth and systematic development of commodity derivatives markets in the Non Ferrous Metals complex.
Through this MoU, BSE & BME will co-ordinate and work jointly in the initiatives to deepen the understanding of commodity market amongst stakeholders. BME with its domain knowledge and unique stakeholders ranging from Importers, Traders, Corporates will assist BSE in designing new and innovative deliverable products in commodities like Aluminium, Copper, Zinc, Nickel, Lead etc.
The MoU has been signed between the two companies as BSE will soon enter the commodities markets and with relevant industry inputs, members of BME can take advantage of the expertise of BSE`s educational programmes which are vital for any trade. The synergy will help in launching new and innovative products adding more value to the existing commodities value chain and ecosystem.
Shri Ashishkumar Chauhan, MD&CEO, BSE said ,” BSE & BME fully acknowledge and appreciate their strengths, resources ,experience and expertise therefore they feel it expedient to join hands for mutual benefits in pursuit of common goals with the objective of developing and strengthening Commodity derivatives market”.
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Sumitha P Naik