BSE brings negative price feature for commodity derivatives segment


New Delhi:  BSE will make obtainable the negative price stage feature at its buying and selling system for commodity derivatives segment, the main alternate mentioned on Tuesday.

This comes following a latest world improvement within the crude oil derivatives market the place buying and selling of derivatives contracts occurred at negative costs owing to varied underlying components.

In a round, BSE has knowledgeable its buying and selling members of commodity by-product segment that the alternate’s buying and selling system has been modified to just accept orders and execute trades at negative costs.

To facilitate testing of this feature within the simulation (check) setting, the alternate mentioned that buying and selling price vary of Brent Crude Oil futures contracts might be suitably up to date to just accept orders at negative price ranges and execute trades.

The new feature might be made obtainable to members to check from Monday, May 4, 2020, onwards, it added.

According to the alternate, buying and selling members and front-end buying and selling software distributors will have the ability to place check orders and commerce in these contracts at these price ranges.

This will assist members in checking the readiness of their inside programs and make appropriate modifications, if any required, the alternate famous. 

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