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Commodity derivatives growth better than expected, says BSE's Ashishkumar Chauhan

Updated : January 17, 2019 06:16 AM IST

Association of National Exchanges Members of India (ANMI), the leading pan India body of around 900 stock brokers, is seeking an active role alongside the government and the market regulator Securities and Exchange Board of India (SEBI), in policymaking for the capital markets.

During its '10th International Convention on Capital Markets' held on January 12, 2019 in Mumbai, ANMI urged the government to allow it the status of a Self-Regulatory Organisation or a SRO.

The year 2018 was very exciting for all Indian Exchanges for more reasons than just one. In 2018, market regulator SEBI allowed Indian equity exchanges to trade into commodity derivatives.

On the initial response in commodity exchange, Ashishkumar Chauhan, MD and CEO of BSE said, “When you start a new segment, you need to worry about demand. We have the largest reach in India. We have almost 4.1 crore investors registered with us. So that brings us into a huge reach which other exchanges, especially commodity exchanges currently do not have."

Mrugank Paranjape, MD and CEO, MCX said, “We have consistently maintained that competition is something which brings the best out of everyone. The previous quarter was the highest ever quarter in terms of turnover that we have had ever since the introduction of CGT."

Vijay Kumar V, MD and CEO, NCDEX said, “First thing is that NCDEX has been in the commodity business for over 14 years so that is a long track record and the other exchanges are just starting up. It is good that other exchanges are coming in because at the generic level the commodity market have space for other players as well to come in with new products and built it.”
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