BSE ready with technology for launching electronic gold receipts
The Hindu
The exchange will take the required internal approvals and apply to markets regulator SEBI for the launch of the new class of security on its platform.
Leading stock exchange BSE is ready with its technology to introduce (EGRs) on its platform, which will help in creating uniform price structure of the yellow metal across the country, its chief business officer Sameer Patil said on Sunday.
The exchange will take the required internal approvals and apply to markets regulator SEBI for the launch of the new class of security on its platform, he added.
This comes after the SEBI on Tuesday cleared a proposal for gold exchange, wherein the yellow metal will be traded in the form of EGRs and will help in having a transparent domestic spot price discovery mechanism.
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