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1st stock exchange to launch commodity derivative contracts
October 2 , 2018
2272 days
1038
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- The Bombay Stock Exchange (BSE) became the first stock exchange in the country to launch commodity derivatives contract in gold and silver.
- So far, commodity contracts were only available on commodity exchanges like
- Multi-Commodity Exchange (MCX) and
- National Commodity Derivatives Exchange (NCDEX)
the 2 specialised commodity derivatives exchange in the country.
- The launch of commodity derivatives platform on the BSE will help in efficient price discovery, reduce timeline and make it cost-effective.
- BSE also waived off transaction charges for the first year in the commodity derivatives segment.
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