BSE Commodities gains momentum with 10% market share in Gold in the first week of trading operations - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Thursday, October 11, 2018

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


BSE Commodities gains momentum with 10% market share in Gold in the first week of trading operations Reviewed by S. Chitra on October 11, 2018 Rating: 5 BSE Commodities     gains momentum with 10% market share in Gold in the first week of trading operations Mumbai October 11, 2018:...

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