BSE signs pact with Soybean Processors Association of India | Soy Production (Feb 28, 2018)

Leading bourse BSE today signed a pact with Soybean Processors Association of India (SOPA) for the growth and development of commodity market and its value-chain participants, enabling them to manage price risk in a better manner in the Soybean oil complex. 

The agreement will be beneficial for launching products like soybean, soyoil and soymeal futures trading on BSE, BSE and SOPA have made significant progress in their respective areas for the growth and development of the commodity market and will share knowledge and expertise in this regard, the exchange said in a statement issued here.

BSE MD and CEO Ashishkumar Chauhan said, BSE and SOPA fully acknowledge each others respective strengths, resources, experience and expertise and therefore feel it expedient to join hands for mutual benefits in pursuit of common goals with the underlying objective of developing commodity derivatives market. 

BSE (formerly Bombay Stock Exchange), established in 1875, is Asia's oldest stock exchange, while SOPA is the only national-level body representing the soybean processors, farmers, exporters and brokers in India working towards strengthening soybean as a viable crop. 

Last month, BSE conducted mock-trading for commodity derivatives segment as it prepares itself for the launch of trade in such products. The platform currently offers trading in equities, equity derivatives as well as currency derivatives. 

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