Bombay Stock Exchange (BSE) has created history with the successful creation, transaction, and settlement of Electronic Gold Receipts (EGRs). The first transaction took place on October 24, 2022 during the muhurat trading session, was successfully settled on T+1 day, as investors benefitted from access to liquidity using the newly created EGRs. BSE's seamless trading platform, integrated with a robust clearing framework of ICCL for EGR have proved beneficial for market participants. The exchange also announced that over 100 members have been successfully onboarded on the newly launched EGR segment.
On the occasion of muhurat trading, BSE launched two new EGR products of 995 and 999 purity and trading will be in multiples of 1 grams and deliveries in multiples of 10 grams and 100 grams thus offering new solutions for investors, Jewellers, and institutions to invest in Gold. The transaction highlights the nature of products BSE aims to bring to the Indian Capital Markets - relevant, innovative, and highly accessible to key participants.
BSE provides an efficient and transparent market for trading in equity, debt instruments, derivatives, mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME).
