The Securities and Exchange Board of India (Sebi) on Thursday gave its nod to the convergence of both equities and commodity-backed stocks on exchanges from October, 2018.
<img title="Sebi allows convergence of stock, commodity exchanges " src="http://images.mid-day.com/images/2017/oct/sensex-main.jpg" alt="Representational Picture" width="670" height="550" />Representational Picture&nbsp;
According to Sebi Chairman Ajay Tyagi, the move will allow major players like BSE, NSE and Multi-Commodity Exchange of India (MCX) to list both equities and commodity-backed financial instruments on their platforms.
Tyagi said the convergence will be effective from October, 2018 and will help in cross-listing and provide investors with access to various asset classes.
<a href="http://www.mid-day.com/mumbai">Catch up on all the latest Mumbai news, current affairs from Mumbai, local news, crime news and breaking headlines here</a>
Download the new mid-day <a title="mid-day android app " href="https://goo.gl/8Xlcvr" target="_blank">Android</a> and <a title="mid-day iOS app" href="https://goo.gl/KQziH4" target="_blank">iOS</a> apps to get updates on all the latest and trending stories on the go

According to Sebi Chairman Ajay Tyagi, the move will allow major players to list both equities and commodity-backed financial instruments on their platforms

SEBI allows convergence of stock, commodity exchanges from October 2018

Ravi Shankar Prasad moves triple talaq Bill for passage in Lok Sabha

According to Sebi Chairman Ajay Tyagi, the move will allow major players to list both equities and commodity-backed financial instruments on their platforms

SEBI allows convergence of stock, commodity exchanges from October 2018

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast

Home / News / India News / Article / SEBI allows convergence of stock, commodity exchanges from October 2018

SEBI allows convergence of stock, commodity exchanges from October 2018

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast