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BSE's comm segment posts record daily turnover of Rs 196 cr

Press Trust of India  |  Mumbai 

BSE Tuesday said its commodities derivatives trading platform, which deals in gold and silver contracts at present, registered a record daily turnover of Rs 196 crore on October 8.

While the gold contracts clocked a traded volume of 519 lots with a value of Rs 162.88 crore, the silver contracts recorded a traded volume of 289 lots with a value of Rs 33.65 crore, BSE said in a statement Tuesday.

The exchange began trading in commodity derivatives on October 1, after gaining Sebi's approval to launch a delivery-based futures contract in gold (1 kg) and silver (30 kg).

According to BSE, waiving transaction charges has attracted a lot of participants, including all types of brokers and traders, who are cost sensitive due to their nature of business.

The bourse has plans to introduce and agri commodities in the near future for which it has collaborated with several associations.

It had earlier entered into a licensing agreement with the London Metal Exchange, a base metals-focused commodities exchange. It has also associated with Bombay Metal Exchange for and with the Rajkot Commodity Exchange, Federation of Indian Spice Stakeholders, Association of India and Cotton Association of India to launch agri commodities.

Besides, BSE has also applied for copper and crude oil contracts with Once those contracts are approved, the exchange will introduce them on an immediate basis, the release said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 09 2018. 18:00 IST