Mumbai, August 12, 2017: BSE’s India INX, country’s first international exchange, today received an approval from the Securities and Exchange Board of India to commence trading in Gold Options contracts. The international exchange will be the first one in India and IFSC to commence trading from Wednesday, August 30, 2017.
Managing Director and Chief Executive Officer, V. Balasubramaniam said, “We are extremely delighted to be the first one to launch Gold Options contracts and commence trade within this month. The launch will enhance the overall market participation and also complement the existing futures. It will give participants an opportunity to hedge their risk without worrying about daily volatility. This instrument will give the buyer a right to buy or sell an underlier at a preset price on a future date. Considering the other gold contracts on BSE’s India INX, we are clocking daily average turnover of USD 35 Million”.
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