BSE ready for trading in commodity, waits for SEBI’s approval

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Commodity Market, BSE, Bombay Stock Exchange (BSE) is set to launch Commodity derivative trading and waiting for its final nod of the regular Sebi to commence the operation, said BSE Chief  Ashish Chauhan.
The BSE will offer derivatives trading in select commodities and will look at new products as and when they are allowed by the Sebi. The necessary ground-work has been done by the Exchange, Software has already been made, the sales team, clearing  and the other preparations are in place. Mock trading has also happened, said the BSE Chief.
For commodity derivatives, there are two major exchanges viz.  MCX and NCDEX. BSE, which of late got listed after a bumper Initial Public Offering (IPO), has extended successfully in many  areas in recent years and has seen business growth drastically in several segments including in MF distribution, currency derivatives and SME segment, debt placement,  other than equity markets.
In another development, the BSE will start charging transaction fee on per trade basis effective from today, 3 April, 2017.  This move is  expected to attract a larger number of big deals. In this system,  the BSE will charge Re 1 per trade for upto 5.00 lakh transactions in a month,  70 paise for 5  to 10 lakh,  60 paise for 10 to 20 lakh and 30 paise for above 40 lakh. Previously,  the BSE charged a flat Rs. 275 per crore on a gross turnover of Rs 1.00 crore.


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