| Bombay Stock Exchange, one of the leading exchanges, has received capital market regulator Sebi-approval to launch its commodity exchange. The stock exchange has to now apply with the commodity market regulator, Forward Markets Commission, for its permission.
Last October, the board of directors of BSE approved a proposal for foray into the commodity exchange business and papers were filed with Sebi. Once launched, BSE would be the seventh company to enter the commodity space dominated by MCX and NCDEX. At present, there are four commodity exchanges including National Multi Commodity Exchange and Kotak Group-owned ACE Commodity and Derivatives Exchange besides six regional exchanges...............................................Full Article: Source
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