NSE launches commodity derivatives segment
NSE is the second equity exchange after Bombay Stock Exchange to enter the commodity derivatives segment.
October 12, 2018 / 02:09 PM IST
National Stock Exchange on October 12 launched commodity derivatives segment with trading in gold (1 kg), gold mini (100 gms) and silver contracts (30 kg).
NSE has also applied to Securities and Exchanges Board of India for new products in base metal and energy.
NSE is the second equity exchange after Bombay Stock Exchange to enter the commodity derivative segment.
"We are planning to bring in foreign hedgers into commodity markets and also looking to bring in institutions," said SEBI wholetime member SK Mohanty.
"NSE should look at more innovative products. Expect the commodity markets pie to increase. Consolidation in stock exchange will be determined by many factors," Vikram Limaye told Moneycontrol.
NSE has waived all transaction charges for the next three months while Bombay Stock Exchange has waived it for 12 months.