Bombay Stock Exchange ties up with Bombay Metal Exchange (BME) to develop commodity derivatives markets

Premier stock exchange Bombay Stock Exchange (BSE) has signed pact with the Bombay Metal Exchange (BME) for the growth and systematic development of commodity derivatives markets in the non-ferrous metals complex. Through this Memorandum of Understanding (MoU), the BSE and the BME will co-ordinate and work jointly on initiatives to deepen the understanding of commodity market among stakeholders. The BME will assist the BSE in designing new and innovative deliverable products in commodities like aluminium, copper, zinc, nickel and lead among, others.