Ticker Tv: Ashish Chauhan , Sameer Patil of BSE talks on launch of Commodity Derivative segment HD

Published on 1 Oct, 2018 Interview with Ashish Chauhan, MD & CEO, BSE Ltd. and Sameer Patil, Head – Commodities & Business Development, BSE Ltd. BSE Takes A Big Leap BSE Launches Commodity Derivatives Trading BSE aspires to be compliant, transparent, automated, efficient Commodity Market Preparations for commodities trading started in 2014 with new developed technology Initially to launch trading in precious metals in phase 1 Trading in base metals, agri commodities to be launched going ahead BSE associated will all stakeholders in commodity market Stakeholders enthused to work with BSE Out of 1,400 members, 442 agreed to join in first phase of commodities trading 142 brokers, 27 clearing members to join from day 1 Objective to deliver precious metals to end user to expand participation BSE has much larger footprints than current commodity exchange Have more than 1,400 members, 200,000 terminals in 3,000 cities Over 40 million unique client codes registered, largest in India Ensure fair, efficient, high-tech, low cost operations “Aim not to become ‘Trading Only’ market” Will work within the framework prescribed by the Govt Important to have less friction in trading markets Less friction in transactions leads to higher volumes Not only trading oriented, but will be service oriented No transaction fees initially to attract participants Contract specifications remain same To see innovations in contracts going forward Important to have Commodity Index for liquidity Creating our own market priority in beginning Will develop Index trading gradually India largest consumer of Gold in the world India needs to become Gold price Setter, not price Taker Ensure to provide fair, efficient, transparent, low cost market No plans of acquisitions, will grow organically Will create robust platform for trading Download TickerMarket app now from : Play Store : http://bit.ly/TickerAndroid Apple Store : http://bit.ly/TickerIOS You can also visit us at: https://goo.gl/1Y1mz Like us on Facebook: https://goo.gl/pr3baZ Follow us on Twitter: https://goo.gl/4fBCHQ Subscribe to our YOUTUBE Channels: Ticker TV:https://goo.gl/37nmnS “The user/viewer of Ticker TV solely assumes the entire risk with respect to the use and results of information shown on the Ticker TV. TickerPlant disclaims any errors, omissions or representations with respect to information and the advice and view expressed by market analysts/market experts. TickerPlant has no financial or any other liability whatsoever under any law or otherwise, to any user/viewer because of the use of any such information for any investment purpose”.