पत्रिका जगत Positive Journalism
Jaipur: December 20, 2018: India’s First Universal Exchange and world’s fastest exchange with the speed of 6 microseconds receives SEBI’s accord to increase trading hours in commodity derivatives segment.
BSE on October 1, 2018 commenced trading in gold and silver contracts to mark its entry into the commodity derivatives segment and become India’s first universal stock exchange with all assets classes including equity, mutual funds, currency and commodity in its portfolio.
BSE receives markets regulator SEBI approval to increase the trading time in the commodity segment by an hour to deepen the commodity derivatives market as well as enhance the participation of stakeholders and hedgers. For non-agricultural commodities, the revised timings will be from 9 am to 11:30/11.55 pm, while for agricultural, the trading hours will be from 9 am to 9 pm. The extended timing will be effective from December 31, 2018.
Shri Ashishkumar Chauhan, BSE MD & CEO said, “BSE believed in systematic development of market through product innovation, awareness and technology. This move will help in deepening and widening the overall market. Extended trading hours will encourage hedgers, corporate, institutions and foreign investors to use exchange traded commodity derivatives as preferred hedging platform.
Commodity trading at BSE is gaining momentum as the transaction charges are waived off for the period of one year, which reduces enormous cost for hedgers. The Futures trading in gold and silver contracts also hit an all-time peak with the traded value logged at ₹621.47 crore on 25th October 2018, which was around 15% to 20% of the same current month contracts offered by other exchanges.
About BSE
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. On October 1, 2018, BSE launched commodity derivatives trading in delivery-based futures contract in gold (1 kg) and silver (30 kg).
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.
