"Our technology platform is ready for commodity derivative trading. Whatever technological changes were required has already been made for the segment," NSE Chief of Business Development Ravi Varanasi told PTI.The exchange is in the process of shortlisting commodity derivative products, which would be fit for trading in the market, the NSE official added.It is planning to launch trading in energy and metals. "We are engaging with brokers and other market intermediaries for the purpose. The process of finalising the products should be completed in 1-2 months. The exchange plans to enter the segment with non-agri products such as bullion, base metals, crude and natural gas, among others.It has also announced a free membership for the commodities segment.The Sebi's universal exchanges move is expected intensify competition among the equity bourses BSE, NSE, and commodities players like Multi-Commodity Exchange and National Commodity and Derivatives Exchange.

Source: Economic Times January 28, 2018 05:37 UTC