Premier stock exchange Bombay Stock Exchange (BSE) has entered into an agreement with the Bombay Metal Exchange (BME) for the growth and systematic development of commodity derivatives markets in the non-ferrous metals complex.
Through this MoU, the BSE and the BME will coordinate and work jointly on initiatives to deepen the understanding of commodity market among stakeholders. The BME, with its domain knowledge and unique stakeholders ranging from importers, traders to corporates, will assist the BSE in designing new and innovative deliverable products in commodities.
Source- The Hindu Business Line
Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
- BSE is Indian stock exchange located at Dalal Street, Mumbai.
- It was established in 1875, making it Asia’s first stock exchange.
- It was first Indian stock exchange to be recognized by Government under the Securities Contracts Regulation Act in 1957.