ESB, India’s second largest commodity exchange, announced another successful completion of the physical gold delivery of its December mini gold contracts under “Commodity Options”. “. This marks the 14th month that deliveries have taken place since contracts launched in June 2020. A large amount of gold has been delivered to the exchange designated vault in Ahmedabad, Gujarat, with the participation of several members. The Gold mini “options in commodities” contracts delivered were based on the BSE – BIS India Good Delivery Standards, in line with the Prime Minister’s vision of “Make in India” and “Atmanirbhar Bharat”.
Commenting on this important step, Shri Sameer Patil, Commercial Director, ESB, said: “It is very encouraging that the physical market is using the BSE platform to source gold. It reiterates ESB’s commitment to provide a cost-effective mechanism and a robust price discovery platform coupled with a smooth settlement framework that meets the needs of ESB members. “
ESB’s transparent trading platform, integrated with a robust delivery framework for ‘options on goods’ contracts has proven to be extremely beneficial and profitable for jewelers, bullion dealers and other physical participants in the market. Marlet. It not only allows them to hedge their price risk, but also to benefit from delivery at the end of the contract. Parker Precious Metals LLP, MD Overseas Pvt. Ltd., Augmont Enterprises Pvt. Ltd. and Sovereign Metals Ltd. are mandated by BSE to deliver serial numbered gold bars to the trading platform. The ESB thanks the constant support and active participation of all its members and looks forward to increased participation in the future.
BSE (formerly Bombay Stock Exchange) established in 1875, is the first stock exchange in Asia and now the fastest in the world with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a leading role in the development of the Indian capital market. BSE is a corporate, demutualized entity, with a large shareholder base that includes the world’s main stock exchange – Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent marketplace for trading in stocks, debt securities, equity derivatives, currencies, commodities, interest rates, mutual funds, and corporate loans and borrowings. ‘actions.
The ESB also has a platform dedicated to trading in shares of small and medium-sized enterprises (SMEs) which is very successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is the largest mutual fund distribution infrastructure in India. ESB provides a host of other services to participants in capital markets, including risk management, clearing, settlement, market data services and education. It has a global reach with clients all over the world and a nationwide presence.
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