The Bombay Stock Exchange and Soyabean Processors Association of India have entered into a MoU to enable value chain participants manage price risk in a better manner at the soyabean oil complex.
The tie-up will be beneficial for launching products like soyabean, soyaoil and soyameal futures trading on the BSE in future, the exchange said in a statement on Thursday.
Ashishkumar Chauhan, MD & CEO, BSE, said the exchange and SOPA have joined hands for mutual benefits in pursuit of common goals with the underlying objective of developing commodity derivatives market.
Davish Jain, Chairman, SOPA, said ‘We firmly believe SOPA with its domain expertise and BSE as a trusted institution known for its transparency and huge experience of over 142 years can add value to the development of the entire commodity markets ecosystem.’’