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The BSE has stated its commodity derivatives segment registered a document turnover of ₹3,015 crore on Wednesday.
The commodity derivatives segment has been gaining large investor participation because the launch of ‘possibility in items’ in gold mini and silver kilogram on June 1, 2020.
Gold mini and silver kg ‘choices in items’ contracts registered a turnover of ₹2,998 crore, the trade stated in an announcement on Thursday.
These contracts are based mostly on spot costs and are bodily settled on expiry.
The BSE stated it has obtained constructive response from all stakeholders for these contracts and is the market chief within the bullion choices segment.
“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 the BSE is 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,” stated Sameer Patil, chief enterprise officer of the BSE.
This story has been printed from a wire company feed with out modifications to the textual content.
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