NSE To Launch ‘Silver Options’ In Commodity Derivatives From Sept. 1
Leading stock exchange NSE Ltd. will launch 'silver options' in the commodity derivatives segment from Sept. 1.
The exchange has received markets regulator's nod for options in goods contracts on the underlying silver spot price for trading in the commodity derivatives segment, the NSE said in a circular on Friday.
The move is aimed at offering new products to commodity market participants and to deepen the market ecosystem.
"Exchange is pleased to inform its members that having received approval from Sebi, options in goods contracts on underlying silver spot price would be available for trading in commodity derivatives segment with effect from Sept. 1, 2020," the circular said.
An options contract gives the buyer of the contract the right but not the obligation to buy or sell the underlying asset at a pre-determined price within or at the end of a specified period.