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Working out details for introduction of commodity options:Sebi

Press Trust of India  |  New Delhi 

is working out the details for introduction of commodity options trading while new institutional players such as banks will be allowed in the commodities derivatives market in a gradual manner.

Besides, the regulator is focusing on deepening of the commodities derivatives market and integration of farmers and spot markets with it, chairman Tyagi said today.



In his first public event after taking charge as chairman, he said there is a need for greater integration as he batted for improving the liquidity.

Asked about new products, Tyagi said soyabean contracts have been introduced while future trading in diamond would be launched soon.

To a question on whether there are legal issues in introduction of options trading, he said, "details of the contract are being worked out and then it will go to the board (for approval). does not require any amendment but some tweaking is needed and that will be done".

He was speaking at an industry event here that was also attended by Agriculture Minister Radha Mohan Singh and Minister of State for Finance Santosh Gangwar.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Working out details for introduction of commodity options:Sebi

Sebi is working out the details for introduction of commodity options trading while new institutional players such as banks will be allowed in the commodities derivatives market in a gradual manner. Besides, the regulator is focusing on deepening of the commodities derivatives market and integration of farmers and spot markets with it, Sebi chairman Ajay Tyagi said today. In his first public event after taking charge as Sebi chairman, he said there is a need for greater integration as he batted for improving the liquidity. Asked about new products, Tyagi said soyabean contracts have been introduced while future trading in diamond would be launched soon. To a question on whether there are legal issues in introduction of options trading, he said, "details of the contract are being worked out and then it will go to the Sebi board (for approval). Law does not require any amendment but some tweaking is needed and that will be done". He was speaking at an industry event here that was ... is working out the details for introduction of commodity options trading while new institutional players such as banks will be allowed in the commodities derivatives market in a gradual manner.

Besides, the regulator is focusing on deepening of the commodities derivatives market and integration of farmers and spot markets with it, chairman Tyagi said today.

In his first public event after taking charge as chairman, he said there is a need for greater integration as he batted for improving the liquidity.

Asked about new products, Tyagi said soyabean contracts have been introduced while future trading in diamond would be launched soon.

To a question on whether there are legal issues in introduction of options trading, he said, "details of the contract are being worked out and then it will go to the board (for approval). does not require any amendment but some tweaking is needed and that will be done".

He was speaking at an industry event here that was also attended by Agriculture Minister Radha Mohan Singh and Minister of State for Finance Santosh Gangwar.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Working out details for introduction of commodity options:Sebi

is working out the details for introduction of commodity options trading while new institutional players such as banks will be allowed in the commodities derivatives market in a gradual manner.

Besides, the regulator is focusing on deepening of the commodities derivatives market and integration of farmers and spot markets with it, chairman Tyagi said today.

In his first public event after taking charge as chairman, he said there is a need for greater integration as he batted for improving the liquidity.

Asked about new products, Tyagi said soyabean contracts have been introduced while future trading in diamond would be launched soon.

To a question on whether there are legal issues in introduction of options trading, he said, "details of the contract are being worked out and then it will go to the board (for approval). does not require any amendment but some tweaking is needed and that will be done".

He was speaking at an industry event here that was also attended by Agriculture Minister Radha Mohan Singh and Minister of State for Finance Santosh Gangwar.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22