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  Business   Market  24 May 2018  BSE ties up with Brink's India to support commodities trade

BSE ties up with Brink's India to support commodities trade

PTI
Published : May 24, 2018, 6:25 pm IST
Updated : May 24, 2018, 6:25 pm IST

The exchange will launch trading in the commodity derivatives segment from October 1.

Leading stock exchange BSE on Thursday said it has joined hands with Brink's India Pvt Ltd for supporting its much-awaited launch of bullion - gold and silver - commodities trading.
 Leading stock exchange BSE on Thursday said it has joined hands with Brink's India Pvt Ltd for supporting its much-awaited launch of bullion - gold and silver - commodities trading.

New Delhi: Leading stock exchange BSE on Thursday said it has joined hands with Brink's India Pvt Ltd for supporting its much-awaited launch of bullion - gold and silver - commodities trading.

Under the agreement, Brink's would provide vaulting and logistics services to BSE for the purpose of storage of gold and silver commodities at various places in India, the exchange said in a statement.

This arrangement with Brink's is part of the exchange's preparation to launch commodity derivatives transactions. "The integration of Brink's with our current operations will expand our service reach for facilitating delivery in gold and silver contracts," said Sameer Patil, head of business development at BSE.

The exchange will launch trading in the commodity derivatives segment from October 1 and to start with it will focus on non-agriculture commodities like metals, energy and base metals.

Tags: brink's india pvt ltd, bombay stock exchange, commodities trading, commodity derivatives
Location: India, Delhi, New Delhi