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.
This entry was posted in Commodity Market, Equity Market, Future Market, HNI Option, MCX Gold Live Updates and Trading Tips, Money Maker Financial Video, Nifty Option Call & Put, Option BTST, Option Market, Option Positional, Services and tagged bse nse tips, Equity Market, free stock tips, Future trading tips, Intraday tips, Investment Advisory Services, Money Maker Research, nifty intraday trading tips, option tips, share market, stock tips, today bullish stock.