DME and BSE ink commodity derivatives pact

The Dubai Mercantile Exchange (DME) said it has signed a memorandum of understanding (MoU) with the Bombay Stock Exchange (BSE) to explore ways to maximise the potential of the commodities market in India.

The strategic partnership, which comes on the heels of the BSE’s launch of its commodities derivatives trading platform on October 1, will help create a resourceful commodities derivatives market to facilitate tremendous growth in India’s energy sector, the exchange said in a statement.