A Memorandum of Understanding (MoU) has been signed by the Bombay Stock Exchange with Akola, Maharashtra-based bullion trade and industry associations namely Akola Sarafa Association and Akola Sarafa Va Suvarnakar Yuva Sangh. The partnership will seek to enhance cooperation between the BSE and physical markets represented by the two trade bodies in various areas like knowledge sharing, education and training, events as well as explore areas of mutual interests.
The Bombay Stock Exchange (BSE) will conduct various activities such as seminars and awareness programmes on price-risk management for bullion traders and jewellers. These programmes will help them in shifting to more organised forms of trading. BSE will also aware them about effective hedging tools like derivatives contracts, especially ‘options in goods’ and hence enable them to face a volatile market.