BSE, Asia’s oldest exchange and now the world’s fastest exchange with the speed of 6 microseconds, achieves another milestone by receiving markets regulator Sebi’s approval to launch copper contracts with trading unit of 1MT on its newly launched commodity derivatives segment.
Trading of these contracts will be launched on 2nd November 2018. Contract start day will be the 1st day of contract launch month and the final trading day will be the last day of contract expiry month. The commodity trading session will be from Monday to Friday from 10.00am to 11.30/11:55pm. Delivery center of Copper contract will be the exchange designated warehouse at Bhiwandi.
Commenting on the launch of copper contracts, Ashishkumar Chauhan, BSE MD & CEO said, “BSE envisions becoming the most compliant exchange and emerging as a price setter in the commodities space. The bourse is looking at offering cost-efficient, convenient and most disciplined framework that will help bring more market participants on board.”
BSE provides investor with an end to end, integrated transaction processing, with services ranging across the spectrum- from pre-trade order management to trading, real time risk management to post trade clearing, and settlement through a central counter party mechanism along with a nationwide depository for facilitating the securities, transaction in a dematerialized form. BSE along with clearing corporation ICCL and depository CDSL, are the financial market infrastructure institutions in capital market.
