BSE Commodities gains momentum
with 10% market share in Gold in the first week of trading operations
Mumbai
October 11, 2018: On October 10, 2018, BSE Gold Contract
witnessed a turnover of ₹191.41 Crore which is 10% of the gold contract traded
in competitive exchanges. BSE has become the 2nd largest exchange for gold and
silver contracts in India.
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 Commodity Segment has
experienced an impressive growth since its introduction. The upward trend of
the turnover and market share explains the progress. The turnover increased to
Rs.227.35 Crore on October 9, 2018 from Rs. 44.02 Crores on its first day of
operations.
The transaction charges have been
waived off for the period of one year for BSE commodities segment. Algo trades has also started providing two-way
quotes on BSE commodities now. Two ways
spread between bids ask has now become better than any other commodity
exchanges in India. More and more brokers are also joining the commodity
segment of BSE. More than 450 trading members have already shown willingness to
participate in BSE commodities segment.
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.
Media
Contact:
Yatin Padia / Rahul Vyas / Mihir
Dani
022 2272 8516 / 2272 8472 /
7738012080
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