Latest News
-
Green Deposit Showdown: SBI Vs Bank Of Baroda Interest Rates -
1:6 Split: Metal Giant Vedanta Shares Hit New 52-Week High On Big Announcement; Splitting Up By Dec-2024 -
5 Bonus Issues, Rs 8/Share Dividend: Buy Multibagger Energy PSU, Dividend On April 30; TP Rs 195 -
Sterling Tools And Yongin Forge Strategic Pact, Stocks Surge -
Just Dial Hits 52-Week High With 13% Surge On Q4 Results Growth -
Vodafone Idea's FPO Opens Today Amidst Mixed Market Sentiments, GMP Hints Premium; Check Status -
Tesla CEO Elon Musk To Announce $2-$3 Billion Investment Plan For Entry In India; Reports -
Stock Split Today: A Yearly Return of Almost 400%! Today's Ex-date For Real Estate Stock Trades: Details -
Government Unveils Plan To Extend Social Security Net For Workers -
Paytm Initiates Customer Migration To Partner Banks Following RBI Sanctions; Who Are The Partners?
Universal Exchange To Integrate Securities And Commodities Trading: SEBI
Universal exchanges that would integrate securities and commodities trading on a single platform is expected to give a boost to commodities market in India with participation of institutional investor
After the Finance Minister Arun Jaitley in his budget speech made the call for integrating the bourses for securities and commodities trading, SEBI has taken step in this direction and plans to come up with a universal exchange.
A universal exchange offers commodity as well as securities trading on one platform. Such exchanges will no longer have to put in place a separate entity for providing commodity trading services. In October this year, the capital market watchdog has started with preliminary work in this area by beginning to integrate market intermediaries including stock brokers.
Mahalingam, a whole-time member of SEBI on the sidelines of India commodity day organised by Multi Commodity Exchange Ltd said, "A legal framework for universal exchanges would be devised in the next six months that will enable the national exchanges to trade in commodity and equity".
He added, "Real progress will be achieved if they (FPIs) are participating in domestic commodity markets with prudent risk management measures".
Also, the market regulator is working in full swing to change the view in respect of commodities being a risky asset for investment.
Goodreturns.in
