BSE, SUFI join hands to launch steel futures

BSE, SUFI join hands to launch steel futures

As part of attempts to enhance its commodity trading offering, BSE has signed a memorandum of understanding with Steel Users Federation of India (SUFI) to launch trading in steel futures. BSE and SUFI will work towards enlisting steel futures in both long and flat segments, which will bring stability, risk-aversion besides creating a level-playing field for all players, BSE and SUFI said in a statement.

Currently, BSE offers trading in commodities like gold, silver, crude oil, guar, cotton and turmeric. The exchange, which is Asia’s oldest, launched commodity derivatives trading in October last year to become the first such equity bourse to offer commodities after the unified exchange regime kicked in.

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