Categories: Agreements

BSE inks licensing agreement with ICE Futures Europe

The Bombay Stock Exchange (BSE) has signed a licensing agreement with Intercontinental Exchange (ICE) Futures Europe. Intercontinental Exchange (ICE) Futures Europe is an operator of global exchanges and clearinghouses.

India is one of the largest consumers and importers of crude oil in the world, and Brent crude is highly co-related with the Indian crude oil market. This agreement will serve the needs and interests to the Indian energy commodities space and market participants to access Rupee-dominated Brent benchmark prices. It will also help Indian commodity markets by providing convenient and cost-effective onshore hedging products and enable the price discovery of Brent crude prices in the Indian time zone.

Important takeaways for all competitive exams:

  • Managing Director and CEO of BSE: Ashish Kumar Chauhan.
  • Chairman of Bombay Stock Exchange (BSE): Vikramajit Sen.
  • BSE Established: Mumbai, Maharashtra; Founded: 9 July 1875.

 

Find More News Related to Agreements

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Mukesh Ambani, Sunil Mittal Join AI for Good Global Commission to Promote Responsible Artificial Intelligence

Recognizing the need for responsible and inclusive AI development, a new global initiative the AI…

11 hours ago

Microsoft Partners Lightstorm to Build I-2SEA Undersea Cable Linking India and Southeast Asia

Microsoft has joined hands with Singapore-based telecom infrastructure company Lightstorm to develop the new undersea…

11 hours ago

International Booker Prize Renamed as Bukhman International Booker Prize with Doubled Prize Money

In 2027, the International Booker Prize will officially to be renamed as the Bukhman International…

11 hours ago

5 Amazing Animal Fathers That Redefine Parenting: From Pregnancy to Protecting Their Young

When we think about parenting in the animal kingdom, mothers usually receives the most of…

12 hours ago

List of Japan’s Prime Ministers from 1885 to 2026

Japan's political leadership has seen various transitions from the Meiji era to the present day.…

12 hours ago

PM Modi, Japan PM Sanae Takaichi Unveil Strategic Roadmap on Energy, Technology and Defence Cooperation

India and Japan strengthened their Special Strategic and Global Partnership by unveiling a comprehensive roadmap…

12 hours ago