BSE plans gold futures, spot trade at GIFT City

To apply for currency futures also

Dilip Kumar Jha  |  Mumbai 

The BSE, Asia’s oldest  exchange, plans to offer futures trading in gold and currencies at its wholly-owned subsidiary at the International Financial Services Centre (IFSC) in the Gujarat International Financial Tech (GIFT) City, close to Ahmedabad. BSE’s subsidiary, India International Exchange (INX), commenced operating on January 16, with futures trading in equity and interest rates. “We have applied to Sebi (the markets regulator) to launch futures trading in gold and currencies,” said Ashishkumar Chauhan, managing director (MD) of BSE, at a ...

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BSE plans gold futures, spot trade at GIFT City

To apply for currency futures also

The BSE exchange plans to offer futures trading in gold and currencies at its wholly owned subsidiary at the International Financial Services Centre (IFSC) in the Gujarat International Financial Tech (GIFT) City, close to Ahmedabad. BSE's subsidiary, India International Exchange (INX), commenced operating on January 16, with futures trading in equity and interest rates."We have applied to Sebi (the markets regulator) to launch futures trading in gold and currencies," said Ashishkumar Chauhan, managing director (MD) of BSE, at a conference organised here by Indian Bullion and Jewellers Association (Ibja). "We will soon apply for approval to launch spot trade in bullion, including gold and silver, at INX. We will also seek approval on relaxation in the gold trading norms from the GIFT City board, if the need arises." The idea for such a spot exchange came last year from Shaktikant Das, secretary, department of economic affairs. BSE had then signed an agreement with Ibja for a joint ... The BSE, Asia’s oldest  exchange, plans to offer futures trading in gold and currencies at its wholly-owned subsidiary at the International Financial Services Centre (IFSC) in the Gujarat International Financial Tech (GIFT) City, close to Ahmedabad. BSE’s subsidiary, India International Exchange (INX), commenced operating on January 16, with futures trading in equity and interest rates. “We have applied to Sebi (the markets regulator) to launch futures trading in gold and currencies,” said Ashishkumar Chauhan, managing director (MD) of BSE, at a ... image
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