MUMBAI -- The Bombay Stock Exchange, Asia's oldest bourse, is ready to launch this year a commodities derivatives segment that will include products tied to underlying physical assets such as gold, crude oil, and natural gas.
"We had evinced interest in starting a commodity exchange when the Forward Markets Commission used to regulate commodity derivatives, and then in September 2015 after the FMC got merged with the Securities and Exchange Board of India," BSE Managing Director and Chief Executive Officer, Ashishkumar Chauhan, told the Times. "Then our India International Exchange began in January last year where after equity and equity derivatives, etc., we launched commodity derivatives in the past six months," Chauhan said, referring to plans offering commodity derivatives from October. ...
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