Indian Stock Market Tips Commodity News- CAI, BSE to jointly develop Cotton futures
The apex cotton trade body, the Cotton Association of India (CAI), will ink an agreement with the BSE to develop a cotton futures market for commodities derivatives trading in the BSE.
Announcing the signing of a Memorandum of Understanding (MoU) with the BSE, CAI said the two bodies will join hands to work together on developing a cotton futures contract for BSE's commodity derivatives segment.
BSE is to launch a cotton futures contract shortly. In December last year, the Securities and Exchange Board of India (SEBI) had allowed a unified exchange regime wherein stock exchanges would be allowed to offer to trade in commodities derivatives from October onward.
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