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BSE signs pact with Dubai Mercantile Exchange for commodity derivatives mkt

Press Trust of India  |  New Delhi 

Leading Thursday said it has signed a pact with Mercantile (DME), international and commodities in the middle-east, to explore ways in maximising the potential of the commodities market in

The partnership comes on the heels of BSE's launch of its commodities derivatives trading platform on October 1.

In a statement, said that the strategic collaboration with the energy-focused commodities will help create a resourceful commodities derivatives market to facilitate tremendous growth in the country's

This synergy will help Indian corporates to hedge their exposure on BSE's commodities derivatives segment.

"With the fundamental objective of evolving the derivatives market, we are pleased to associate with DME in this endeavour that will immensely help all stakeholders," MD and said.

Raid Al-Salami, head of DME, said as the world's fastest growing major offers seamless opportunities across industries, particularly in the

"With its growing needs for energy imports, the country has become a key focus market for global industry players, and our collaboration with BSE will enable us to tap into the country's thriving

"We will leverage our expertise in facilitating and commodities trading to enable BSE to further promote its new trading platform for commodities derivatives and better serve the needs and interests of the domestic derivatives market," he added.

Launched in June 2007, DME lists (DME Oman) as its flagship contract, providing the benchmark for the region. DME is the sole benchmark for and

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

First Published: Thu, October 11 2018. 18:40 IST