BSE commex platform with no transaction fee for the 1st year
Posted on: 29/Sep/2018 12:48:41 PM
Bombay Stock Exchange (BSE) launches the commodities derivatives trading (Commex) platform with no transaction charges for particular segment for first year. Being the oldest of Asian countries and largest of India BSE holds the number of listed companies has now grabbed the permission from Sebi to launch futures contracts in gold and silver.
NSE was also offered the rights to start commex platform with and silver futures. In terms of turnover NSE is the largest exchange platform in the country launches the futures commex on October 12. Earlier BSE had plans to start the commex platform with non-agricultural commodities like metals and slowly raising to the platforms of agricultural based commodities.
Now the change of plan can welcome large number of investors for buying commodities based out on gold and silver futures. This will enhance the linkages between spot markets and commodity derivatives said the sources of BSE. With this strategical move BSE announced waiving of the transaction charges for first year of commodities market operations.
