NSE receives approval to launch futures contracts in gold, silver

Singapore (Dept 29)  NSE has announced that Sebi has granted approval for introducing futures contracts on Gold 1 kg, Gold Mini 100 grams, and Silver 30 kg on NSE's commodity derivatives segment.

 NSE had earlier received an approval from Sebi to launch the Commodity Derivative Segment on September 19, 2018. The exchange is all ready to launch the commodity derivatives segment.

 It received representations from several trading/clearing members suggesting that some more time be given to the market intermediaries to put appropriate systems in place at their end for the effective trading of commodity derivatives.

 The NSE has also received suggestions that the launch of a new segment should be done after the ‘Pitru-Paksha’ in the auspicious period of Navratri.

 Respecting member feedback and sentiment, NSE has decided to launch its commodity derivative segment on Friday, October 12, 2018.

HFLnews