SEBI orders common platform for shares and commodities | Current Affairs, Current Affairs 2017

SEBI orders common platform for shares and commodities

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Aiming to regularize securities market, Securities and Exchange Board of India (SEBI) on Thursday announced much-awaited integration of stocks and commodities trading on a single exchange from October next year.
A two-phase integration of trading in commodity derivatives market with other segments of securities market at the exchange level was discussed and approved by Sebi’s board at a meeting here today, a move that would help leading stock exchanges, BSE and NSE, to launch their commodity trading platforms.
Currently, commodity derivatives are traded on separate exchanges, which include MCX and NCDEX.
After the meeting, SEBI’s Chairman Ajay Tyagi told reporters that the integration process would involve removal of certain existing restrictions by amending the relevant securities market regulations with effect from October 1, 2018.
This would pave way for all exchanges — currently providing trading platforms for stocks and commodity exchanges — to provide universal trading facilities.

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