Mumbai, February 07, 2019: BSE, Asia’s oldest exchange and now world’s fastest exchange with the speed of 6 microseconds, today commenced commodity derivatives trading in Guarseed and Guargum with a lot size of 10 metric tons.
Recently, BSE had tied up with various agricultural premier associations and warehouse service providers in India for the growth and development of commodity derivatives markets in the agricultural complex. BSE had also entered into a licensing agreement with the London Metal Exchange and associated with Bombay Metal Exchange for base metal contracts, besides tying up with the Rajkot Commodity Exchange, Federation of Indian Spice Stakeholders, Soybean Processors Association of India and Cotton Association of India to launch agri commodities.
Shri Ashishkumar Chauhan, MD & CEO, BSE said, “Commodities derivatives were launched as a segment on BSE on 1st October 2018 making it India’s 1st universal exchange. Initially, gold and silver contracts were launched for trading followed by India’s 1st deliverable copper contract and Oman crude oil contract. Our long-term vision is to introduce various agri/non-agri commodities as well. India’s commodity market is in its nascent stage and we believe there is a lot of scope for growth, which can happen by diversifying into new commodities to provide effective risk hedging instruments using the latest technology and risk management framework to all Indian stakeholders. BSE has the largest reach in India with 4.1 crore investors registered. We are constantly working on increasing the reach and attracting more market participants by offering cost-efficient, convenient and most disciplined framework.”
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