BSE gets SEBI approval to launch Commodity Derivatives Segment
Mumbai, September 19, 2018: BSE, Asia’s oldest exchange and now world’s fastest exchange with the speed of 6 microseconds, receives another feather in its hat by getting SEBI’s approval to launch Commodity Derivatives Segment from October 1, 2018. BSE will begin trading in commodity derivatives with non-agriculture commodities like metals initially, followed by agri commodities subsequently.
Benefits of using BSE- Commodity Derivative Platform:
ü Efficient price discovery
ü Reduction in timelines
ü Cost effective
ü Robust Risk Management System
ü Wider Market Penetration
The Securities and Exchange Board of India (SEBI) on December 28, 2017 announced that from October 2018, the country would have a unified exchange regime wherein stock exchanges would be allowed to offer trading in commodities derivatives.
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.
Yatin Padia / Rahul Vyas
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