BSE to start early in newly launched Commodity Segment

Written by Newsroom Staff December 18, 2018 21:42

New Delhi: 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.

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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.