Mumbai, Aug 24 (Agency) The Bombay Stock Exchange (BSE), India’s premier exchange, inaugurated a ticker at the Agricultural Produce Market Committee (APMC) Market in Navi Mumbai for dry fruits.It was launched in the presence of almond traders and various other stakeholders.The ticker will broadcast live prices of BSE’s Almond Futures Contract along with BSE’s Currency Derivatives Rates. This move will lead to increased price transparency and help market participants in effective decision making.
Sameer Patil, Chief Business Officer, BSE, said: “The launch of ticker at the APMC market will help market participants gauge overall market sentiment at any point of time. Wide dissemination of prices will be used as reference for physical market transactions which in turn will positively impact the lives of traders especially when the intensity of information needed in commodities market is increasing day by day.”Sameer Bhanushali, MD, Ashapura Agrocomm Pvt. Ltd., said: “This is unprecedented and one of its kind. This will create massive awareness and will result in huge participation from the trading community in the almond futures contract on BSE.”