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MUMBAI, Sept. 15

THE Bombay Commodity Exchange (BCE) is hosting `All-India Brokers' Meet' on September 18 targeting commodity brokers across the country to participate in futures trading.

BCE has organised this meet as a part of promoting futures markets and to commemorate its diamond jubilee year, according to Mr P.M. Chheda, BCE President. Other kindred associations as SEA, IOPEA and AICOSCA will participate. The exchange is also holding its 75th annual general meeting on the same day.

``The meet has a great significance as BCE has launched futures trading in 21 oilseed-based commodities through online trading system,'' Mr Chheda, told newsmen here. ``We are expecting around 150-200 brokers from all over the country,'' he added.

In order to provide wider participation in the futures contracts, the exchange is amending its regulations by introducing a new category of membership. Concessional membership would be provided to those who are interested to trade in commodity futures, he said.

``At present, brokerage charge in the spot market is about one per cent whereas it is just 0.25 per cent to 0.50 per cent in case of futures market,'' he said.

The brokers can avail of the electronic trading platform of BCE without much additional investment and shifting of their place of business. The exchange has set up a marketing team that will be visiting market participants to provide necessary guidance to trade. There will also be a live demonstration of online trading system of BCE.

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