BSE, NSE to foray into commodity derivatives from Oct 1, to start with gold

Brokers say equity exchanges will have to innovate to make inroads into the commodity space

India's two leading equity bourses, the National Stock Exchange (NSE) and BSE, on Wednesday said they will foray into the commodity derivatives space starting next month. 

Both these exchanges have received the approval from the Securities and Exchange Board of India (Sebi) to start commodity futures trading. They have also obtained regulatory approval for their respective clearing corporations.  

The entry of BSE and NSE into commodity derivatives trading is expected to give a fillip to the market as the broker and client base will expand.   

Brokers, however, say equity exchanges will have to innovate to make inroads into