Business News | NSE to Launch Silver Options in Commodity Derivatives Segment

Mumbai (Maharashtra) [India], August 24 (ANI): The National Stock Exchange (NSE) of India will launch silver options in commodity derivatives segment from September 1.

The move is aimed at offering new products to commodity market participants and to deepen the market ecosystem.

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Options contract gives the buyer or holder of the contract the right (but not the obligation) to buy or sell the underlying asset at a pre-determined price within or at the end of a specified period.

The NSE said it has received approval from the Securities and Exchange Board of India (SEBI) for options in goods contracts on underlying silver spot price for trading in the commodity derivatives segment.

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Earlier, the NSE had launched gold mini options on June 8. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)