NSE to launch ‘silver options’ in commodity derivatives segment from September 1

By: |
August 24, 2020 4:17 PM

The exchange has received markets regulator Sebi's nod for 'options' in goods contracts on underlying silver spot price for trading in the commodity derivatives segment, the NSE said in a circular on Friday.

Options contract gives the buyer or holder of the contract the right (but not the obligation) to buy or sell the underlying asset at a pre-determined price within or at the end of a specified period.Options contract gives the buyer or holder of the contract the right (but not the obligation) to buy or sell the underlying asset at a pre-determined price within or at the end of a specified period.

Leading stock exchange NSE will launch ‘silver options’ in the commodity derivatives segment from September 1.
The exchange has received markets regulator Sebi’s nod for ‘options’ in goods contracts on underlying silver spot price for trading in the commodity derivatives segment, the NSE said in a circular on Friday.

The move is aimed at offering new products to commodity market participants and to deepen the market ecosystem.

“Exchange is pleased to inform its members that having received approval from Sebi, options in goods contracts on underlying silver spot price would be available for trading in commodity derivatives segment with effect from September 1, 2020,” the circular said. Earlier, the National Stock Exchange (NSE) had launched ‘gold mini options’ on June 8.

Options contract gives the buyer or holder of the contract the right (but not the obligation) to buy or sell the underlying asset at a pre-determined price within or at the end of a specified period.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1NTPC Rating ‘buy’; focus on ESG compliance augurs well for prospects
2Voltas Rating ‘buy’; firm’s arsenal is growing stronger
3HUL, HDFC Bank, Kotak Mahindra lead 7 of 10 most valued firms to lose Rs 59,260 cr in m-cap