The BSE, which is venturing into commodity derivatives trading from Monday, has waived off transaction charges for the first year of operations to encourage more participants to join the commodity market. The exchange has received SEBI approval for launch of delivery-based futures contract in gold (1 kg) and silver (30 kg).
Ashishkumar Chauhan, MD, BSE, said the exchange would enable more participants to join the commodities market and enhance linkages between the underlying spot markets and commodity derivatives markets.
“Through our commodity trading platform, we will strive to make India a price-setter in the commodities market using our superior technology and reach across India,” he added.