BSE, NSE get SEBI nod for commodity segment

The Securities and Exchange Board of India has given the regulatory go-ahead to BSE and NSE to start their respective commodity derivatives segments. Both bourses plan to start the new segment from October 1. Interestingly, both the equity exchanges plan to start with non-agriculture commodities like metals and bullion, and subsequently launch contracts in agriculture commodities. Currently, Multi Commodity Exchange of India (MCX)is the largest commodity bourse with over 90% market share.
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