| Leading bourse BSE is planning to launch a separate platform for trading of various commodities to foray into commodity exchange business -- currently dominated by two major players, MCX and NCDEX. A proposal in this regard has been approved by the board of BSE, which is the world's largest stock exchange in terms of number of listed companies and holds top positions on various other counts.
Sources said the BSE board has cleared the proposal and further modalities would be put in place soon. Incidentally, BSE had also put in an initial bid, estimated at about Rs 500 crore, recently for purchase of 15 per cent stake in the country's largest commodity exchange Multi Commodity Exchange (MCX). ..............................................Full Article: Source
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