BSE and BME sign agreement for development of commodity derivatives markets

BSE has announced entering into an agreement with Bombay Metal Exchange (BME) for the systematic development and growth of commodity derivatives markets in the Non-Ferrous Metals complex.

BSE & BME, through the MoU, will co-ordinate and work jointly in the initiatives to deepen the understanding of commodity market among the stakeholders.

BME with its domain knowledge will be assisting BSE in designing new deliverable products in commodities like Aluminium, Zinc, copper, Nickel, Lead etc. The two companies have signed the MoU as BSE will soon be entering the commodities markets. With relevant industry inputs, members of BME can take advantage of BSE's expertise in educational programmes. The synergy will help in launching new products and add more value to the existing commodities ecosystem.

MD & CEO of BSE, Ashishkumar Chauhan said that both BSE and BME feel it expedient to join hands for mutual benefit with the objective of developing and strengthening commodity derivatives market.