The pact will also help in facilitating introduction of high-quality standards for delivery of bullion bars through the exchange platform, the National Stock Exchange (NSE) said.
Leading bourse NSE said it has signed a pact with Alex Stewart (International) Corporation, a global player in precious metals inspection and analysis, to help develop the existing physical settlement framework in the Indian commodities derivatives market.
The pact will also help in facilitating introduction of high-quality standards for delivery of bullion bars through the exchange platform, the National Stock Exchange (NSE) said in a statement.
"The alliance is more strategic in nature to deepen the existing delivery framework to bring in more participants into the exchange eco-system. NSE will view this partnership as one of the key harbingers for the transformation it intends to bring to the development of the commodities market in India," NSE Chief Business Development Officer Ravi Varanasi said.
