BSE set to launch commodity derivatives trading from Oct 1st 2018
Waives off transaction charges for the first year of commodities market operations
Mumbai, September 28, 2018: BSE, Asia’s oldest exchange and now world’s fastest exchange with the speed of 6 microseconds is set to launch trading in commodity derivatives from October 1st 2018. Launch will be marked by way of a bell ringing ceremony at BSE’s International Convention Hall at 10 am on October 1st 2018. BSE will begin trading in commodity derivatives with non-agriculture commodities like metals initially, followed by agri commodities subsequently. BSE has also received SEBI approval for launch of delivery based futures contract in Gold (1 kg) and Silver (30 kg) from October 1st 2018. BSE firmly believes that its commodity derivatives platform will help in efficient price discovery, reduction in timelines, cost effective, user-friendly, robust risk management system and wider market penetration. In order to encourage more participants to join the commodity markets, BSE has decided to waive off the transaction charges for the first year of commodities market operations.
Commenting on the launch of commodity derivatives trading, Shri Ashishkumar Chauhan, MD & CEO, BSE said, “We believe BSE’s foray into commodities derivatives from October 1, 2018 will enable many more participants to join the commodities market and enhance the linkages between underlying spot markets and commodity derivatives markets in each commodity BSE introduces in this market. We hope to make Indian markets through BSE as the price setters in commodities markets going forward using our superior technology and reach across nooks and corners of India.”
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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