BSE Launches Trading in BRICSMART Indices Derivatives
Last October, leading Exchanges of the BRICS emerging market bloc had announced a joint initiative to expose investors to products in these dynamic economies.
Being the Indian exchange member of this alliance, BSE will provide India investors access to the important BRICS’ economies through cross-listing products and other avenues to promote development between these markets.
While addressing the gathering, MD & CEO, BSE, Mr. Madhu Kannan, said, “Today marks an important event for BSE. The products we are introducing today are part of our efforts to not only link growing Indian markets to opportunities in other emerging markets but equally importantly giving Indian investors access to growth opportunities across the world. We thank the partner Exchanges, Regulators, and the Ministries of Finance and External Affairs for all the support.”
The Consul Generals of Brazil, China, South Africa, the Consul for the Russian Federation and Mr. Rajeev Agarwal of SEBI spoke on the occasion and complimented the initiative taken up by the participating members of the BRICS exchange alliance. They spoke about the step being a significant one in providing new avenues for investors of these emerging economies to benefit from cooperation between the BRICS nations bloc and how it would play a key role in overall economic growth.
Under the BRICS Exchange alliance, apart from cross-listing products, other opportunities will be explored to promote greater development and understanding between the BRICS markets.