The National Stock Exchange of India (NSE) is gearing up to strengthen its commodities segment with plans to roll out new contracts in the next few months, an NSE official said on Friday.
The exchange is looking to leverage its expansive reach and financial strength to make a significant mark in commodities trading.
NSE Chief Business Development Officer Sriram Krishnan said the exchange is considering rolling out new contracts in the next few months and the focus would be non-agri commodities as there is a lot of certainty in launching these asset classes as compared to agri commodities.
These additional contracts would be selected from a wide array of Sebi-approved commodities. Moreover, about 240 members have set up already and live on NSE commodities. These included foreign portfolio investors, algo participants and active market makers.
“NSE is convinced that commodities are a very big thing which is about to happen in India. We did a lot of analysis on which contracts come ou
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