Trading in gold options to take off from August 30
DSIJ Intelligence / 14 Aug 2017
Trading in gold options will become a reality from August 30 after its launch by BSE-promoted India International Exchange (India INX).
Trading in gold options will become a reality from August 30 after its launch by BSE-promoted India International Exchange (India INX). This will allow investors an opportunity to hedge their risk without worrying about daily market volatility.
Backed by approval from regulator Securities Exchange Board of India (SEBI), it is estimated that gold options, along with other gold contracts, may post a daily average turnover of USD 35 million (Rs 224.1 crore) on the exchange’s platform.
Earlier, in June this year, SEBI had allowed options trading in commodities to create a wider market, but permitted each exchange to launch options on futures of only a single commodity in the initial phase. At that time, a framework with regard to product design and risk management had been outlined by the regulator.
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