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BSE Signs MoU With FISS To Develop Derivatives Market For Spices

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The Bombay Stock Exchange (BSE) has signed a memorandum of understanding (MoU) with the Federation of Indian Spice Stakeholders (FISS) for the growth and systematic development of commodity derivatives market for spices.

Under the pact, FISS with its domain knowledge and stakeholders ranging from farmers, traders and exporters, will assist the Bombay Stock Exchange (BSE) in designing new and innovative products.

Both the parties to the agreement will coordinate and work jointly in the initiatives to deepen the understanding of commodity market among stakeholders, it said.

“BSE and FISS fully acknowledge and appreciate their strengths, resources, experience and expertise, therefore they feel it is expedient to join hands for mutual benefits in pursuit of common goals with the objective of developing and strengthening Commodity derivatives market,” said Ashishkumar Chauhan, MD and CEO, BSE.

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