BSE Commences Trading in Futures Contracts on Oman Crude Oil in Commodity Derivatives

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BSE Commences Trading in Futures Contracts on Oman Crude Oil in Commodity Derivatives

October 29, 2018

BSE LOGOFutures trading in gold and silver contracts records fresh all-time peak of INR 621.47 Cr on Thursday, 25th October 2018

Mumbai, October 26, 2018: BSE, Asia’s oldest exchange and now the world’s fastest exchange with the speed of 6 microseconds, today commenced trading in futures contracts on Oman Crude Oil in its newly launched commodity derivatives segment.

The BSE Oman Crude Oil Futures Contract will be settled on Dubai Mercantile Exchange Oman Crude Oil prices on the expiry day. BSE recently entered into an agreement with Dubai Mercantile Exchange (DMX) a premier energy-focused commodities exchange in the Middle East, for the growth and systematic development of commodity derivatives markets in the Crude Oil Complex.

BSE’s newly-introduced commodities derivatives trading platform with futures trading in gold and silver contracts also hit fresh all-time peak with the traded value logging INR 621.47 Cr on Thursday, 25th October 2018. The gold contracts recorded a traded volume of 1715 lots with a value of INR 548.09 Cr and the silver contracts clocked a traded volume of 629 lots with a value of INR 73.38 Cr.

The leading exchange began trading in commodity derivatives on October 1, 2018, after gaining SEBI’s approval to launch a delivery-based futures contract in gold (1 kg) and silver (30 kg). BSE’s announcement to waive 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. Out of the 442 expressions of interest received from members, BSE has registered 170 trading members and 27 clearing members in the commodity derivatives segment. Many more members are expected to join the bourse in the near future.

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