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The BSE has commenced trading in futures contracts on Oman Crude Oil in its newly launched commodity derivatives segment on Friday.
The BSE Oman Crude Oil Futures Contract will be settled on the Dubai Mercantile Exchange Oman Crude Oil prices on the expiry day. The Indian bourse recently inked an agreement with the Dubai Mercantile Exchange (DMX), an 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 an all-time peak with the traded value logged at ₹621.47 crore on 25th October 2018.
The gold contracts recorded a traded volume of 1,715 lots with a value of ₹548.09 crore and silver contracts clocked a traded volume of 629 lots with a value of ₹73.38 crore.
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