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Mumbai: BSE, which is launching its commodities derivatives trading (commex) platform on October 1, said that it would waive transaction charges for this particular segment for the first year. The exchange, the oldest in Asia and largest in the country by the number of listed companies, has received permission from Sebi to launch futures contracts in gold and silver, it said.
NSE, too, on Friday said it will start its commex platform with gold and silver futures. NSE, the largest stock exchange in India in terms of turnover, however, will launch the platform on October 12 after the inauspicious ‘Pitru Paksha’ period ends and the auspicious Navaratra starts.
Earlier, BSE had said it will start its commex platform with non-agriculture commodities like metals, followed by agri commodities. BSE MD & CEO Ashishkumar Chauhan said that the exchange’s foray into commodities derivatives would enable a larger number of participants to join this market and “enhance the linkages between underlying spot markets and commodity derivatives markets in each commodity BSE introduces” in this segment. Chauhan said the bourse’s technological edge would be used to take commex trading facilities to every corner of the country. “In order to encourage more participants to join the commodity markets, BSE has decided to waive the transaction charges for the first year of commodities market operations.”
Mumbai: BSE, which is launching its commodities derivatives trading (commex) platform on October 1, said that it would waive transaction charges for this particular segment for the first year. The exchange, the oldest in Asia and largest in the country by the number of listed companies, has received permission from Sebi to launch futures contracts in gold and silver, it said.
NSE, too, on Friday said it will start its commex platform with gold and silver futures. NSE, the largest stock exchange in India in terms of turnover, however, will launch the platform on October 12 after the inauspicious ‘Pitru Paksha’ period ends and the auspicious Navaratra starts.
Earlier, BSE had said it will start its commex platform with non-agriculture commodities like metals, followed by agri commodities. BSE MD & CEO Ashishkumar Chauhan said that the exchange’s foray into commodities derivatives would enable a larger number of participants to join this market and “enhance the linkages between underlying spot markets and commodity derivatives markets in each commodity BSE introduces” in this segment. Chauhan said the bourse’s technological edge would be used to take commex trading facilities to every corner of the country. “In order to encourage more participants to join the commodity markets, BSE has decided to waive the transaction charges for the first year of commodities market operations.”
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