In Securities and Exchange Board of India’s (Sebi) last board meeting for 2017, the market regulator approved a slew of reforms, one is formation of a universal exchange. In an interview with CNBC-TV18, Ashishkumar Chauhan, MD & CEO of BSE discussed this and many more issues.
BSE has been ready for commodity trading since 2015, he said.
Integration of currency trading was quick. Commodities took off by 2004-2005. Although financial markets went down in 2008-2009, the commodities market did not go down till 2012-2013, he added.
Commodities have not given significant returns in last 5-7 years, said Chauhan.
BSE offers better safety and regulation than any other exchange in India, he further mentioned.
On extension of trading hours, he said that BSE has not done it, it was basically presumed that some exchanges have done it, it was more of a storm in a teacup.
For full interview, watch accompanying video...
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