The commodity derivatives segment at BSE registered a new high of Rs 3,015 crores on July 8. The commodity derivatives segment platform is gaining wide investor participation since the launch of ‘Option in Goods’ in Gold mini and Silver kg from 1 June 2020, which also registered a new high of Rs 2,998 crores. The Bombay Stock Exchange (BSE) informed about the milestone today in a written statement.
Speaking on the milestone in Indian Commodity Derivative Segment, Sameer Patil, CBO at BSE said “With Commodity ‘options in goods’ contracts, we seek to gain wider participation and add new vibrancy to our commodity derivatives platform. Seamless and integrated trading and delivery at BSE is extremely beneficial for small and mid-level jewellers and bullion dealers, who can not only hedge their price risk but also avail delivery on expiry of the contract.”
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Gold mini and Silver kg ‘Options in goods’ contracts are based on spot prices and are physically settled on expiry. Gold mini contracts which expired at the end of last month were delivered at BSE designated vaults at Ahmedabad, Gujarat, amid this lockdown.
BSE has received extremely positive response from all stakeholders for these contracts and is the market leader in the bullion options segment. In about a month since launch, BSE has become the second largest commodity exchange in terms of turnover.