Bombay Stock Exchange gears up for agri-commodities trade; ties up with SLCM for support 

Mumbai-based BSE has entered into an agreement with Sohan Lal Commodity Management (SLCM) for supporting its much-awaited launch of agri-commodities trading. Under the agreement, SLCM shall provide warehousing, assaying services and crop management services to the BSE for storage of various food grains, pulses and other agro-based commodities at various places in India. As per […]

Read more

Bombay Stock Exchange signs development deal with Soybean Processors Association of India

The Bombay Stock Exchange (BSE), India’s leading bourse, has signed a pact with Soybean Processors Association of India (SOPA) for the growth and development of the commodity market and its value-chain participants, enabling them to manage price risk in a better manner in the soybean oil complex. The agreement will be beneficial for launching products […]

Read more

India’s NCDEX and BSE to launch two commodity repositories next week

Starting next week, trading in negotiable warehouse receipts, a decade-old idea, will become a reality in India when two repository record-keeping agencies start operations. Agricultural warehousing accounts for 15% of the warehousing market in India and is estimated to be worth Rs 8,500 crore. Agriculture marketers and analysts have been asking for a pan-India digital […]

Read more

After gold and silver, India INX to start futures trading in four more commodities in June

While the World Gold Council is still negotiating with the Indian government to launch a spot exchange for gold, Bombay Stock Exchange’s India International Exchange (India INX) at GIFT (Gujarat International Finance Tech) City, Ahmedabad will commence trading in four new commodity derivatives products – aluminium, lead, nickel and zinc – from June 1. The […]

Read more

World Gold Council seeks to create a spot exchange for gold in India along with local bourses

Gold-bullion-vault.jpg

The World Gold Council is working with the Indian government, Indian bourses and the markets regulator on plans to create a local physical spot-gold exchange that may start up as soon as next year. “We are working on a gold exchange for India,” P.R. Somasundaram, managing director for the World Gold Council in India, confirmed […]

Read more

Indian regulator finally allows options trading in commodities

Capital market regulator, the Securities and Exchange Board of India (SEBI), announced the much-awaited commodity market reform of permitting exchanges to launch options contracts. The move would deepen the domestic commodity market and provide farmers and other participants a new hedging tool, in a more cost-effective manner. SEBI also announced a single-licence regime, allowing stockbrokers to […]

Read more