BSE signs MoU with Nashik Sarafa Association to develop the commodity derivatives market in India

BSE - India's second largest commodity exchange today signed a MoU with the Nashik Sarafa Association continuing its efforts to grow and develop the commodities and derivatives market in India.

The MoU aims to deepen the understanding of commodities and derivatives market amongst its stakeholders while, educating them on its benefits and also encouraging them to hedge on exchanges. Both the parties shall also work together on developing new products on bullion commodities contract.

Commenting on this association, Shri Sameer Patil, CBO – BSE, said “Through this MoU, BSE and Nashik Sarafa Association shall jointly collaborate on growing and developing the value chain participants in the commodity ecosystem so as to enable them to face competition and manage price risk better. We shall further help in developing the existing commodity derivatives market by bringing together the strengths, resources, experience and expertise of both parties.”

Girish Navse, President - Nashik Jewellers Association, said “We are happy to sign the MOU with BSE & hope that we will continue to get knowledgeable information on subjects like gold hedging through BSE so that we can carry forward our business smoothly.”

BSE, India's leading and most diverse exchange, is the market leader in the bullion ‘options in goods’ segment and only exchange to have deliveries executed in Gold, Gold Mini and Silver 30 kgs contract. BSE is also India's first exchange to complete deliveries of Gold under BSE -BIS India Good Delivery Standard, supporting the Prime Minister's vision of "Make in India" and "Atmanirbhar Bharat".

BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.