BSE’s average daily volumes in August in cotton and guar seed are Rs 51 crore and Rs 131 crore, respectively. NCDEX August average guar seed turnover is Rs 388 crore. Among precious metals, BSE
currently offers trading in delivery-based futures contract of gold and silver. In the energy complex, BSE
offers futures contacts in Oman Crude Oil, a tailored product for Indian oil producers and consumers.
According to the BSE data, it has facilitated delivery amounting to over 6.6 tonnes in precious metals and over 5,000 tonnes in agri commodities.
The almond contract is not traded in futures market. Although this market is small, BSE looks for hedging from importers and consumers. Its proposed Brent Oil
futures will be settled on Brent Oil
price on ICE. The exchange plans to launch all contracts in the soya family, including oil, but it will start with soya bean in a contract specification that will differ from existing NCDEX futures and have many more delivery centres in Maharashtra, Rajasthan and MP.
Commodities derivative regulations now call for delivery-based settlement even in non-farm products. Energy commodities are an exception to this rule. As a result even metal futures have to be settled with delivery option. In view of this, BSE also plans to launch futures on aluminium, lead and zinc, adding to its existing portfolio of base metals. The exchange already has deliverable copper futures.
BSE was waiting for ODIN connectivity before expanding its basket, said the source. ODIN, the leading online trading platform in India now offers quotes of commodities traded on the bourse, widening the reach of the BSE platform.
Sameer Patil added, "BSE is confident of its capabilities and with a number of new and innovative products, stress on continuous improvement and an established culture of serving its stakeholders."