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NEW DELHI :
Leading inventory trade NSE will launch ‘silver choices’ in the commodity derivatives segment from September 1.
The trade has obtained markets regulator Sebi’s nod for ‘choices’ in items contracts on underlying silver spot worth for buying and selling in the commodity derivatives segment, the NSE mentioned in a round on Friday.
The transfer is aimed toward providing new merchandise to commodity market individuals and to deepen the market ecosystem.
“Exchange is pleased to inform its members that having received approval from Sebi, options in goods contracts on underlying silver spot price would be available for trading in commodity derivatives segment with effect from September 1, 2020,” the round mentioned.
Earlier, the National Stock Exchange (NSE) had launched ‘gold mini choices’ on June 8.
Options contract provides the customer or holder of the contract the best (however not the duty) to purchase or promote the underlying asset at a pre-determined worth inside or on the finish of a specified interval.
This story has been printed from a wire company feed with out modifications to the textual content.
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