Sebi allows convergence of stock, commodity exchanges from October 2018

Mumbai, Dec 28: 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. 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 fincial 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. (IANS)