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NSE And Jewelers’ Association Bangalore Join Hands To Create Awareness On Managing Risk Through NSE Commodity Derivatives Segment

Bengaluru, October 8,2018: The National Stock Exchange of India Limited (NSE) on Monday signed a Memorandum of Understanding(MoU) with The Jewellers’ Association Bangalore (JAB) to impart knowledge to JAB members on price risk management, hedging on NSE’s Commodities platform. The MoU was signed by Mr. S. Venkatesh Babu, President, The Jewellers’ Association Bangalore (JAB) and Mr. Achal Jaiswal, Vice President, NSE. JAB and NSE recognise the importance of development of the members of JAB and to foster greater cooperation between the two entities and enable to work more closely on a number of shared goals. NSE will play an active role in engaging with and educating the JAB members on the mechanism to hedge price risk on Futures & Options of NSE Commodities platform.

 

On this occasion, Mr. S. Venkatesh Babu, President (JAB) said “There are many jewellers who are not aware of hedging their risk in the market. Not hedging is gambling and hence with a view to bring this awareness in the jewellers, we are joining hands with NSE. Also we look forward in developing better products for jewellers with NSE”. Mr. Ravi Varanasi, Chief Business Development Officer,NSE expressed his complete support in raising awareness levels for products like Commodities. NSE will jointly conduct awareness and educative programmes for members of JAB and other relevant stakeholders through various road-shows, webinars etc.

 

About JAB:

 

THE JEWELLERS’ ASSOCIATION BANGALORE (“JAB”) was established on 9th December, 1941 and represents more than 1200 small, medium and big jewellers across Karnataka. It is one of the oldest Associations in India. The prime objective of the Association is to promote and encourage the establishment of new derivative and related markets and to promote communication among members to strengthen their relationship and to transfer information and experience among them. JAB offers an interactive platform for Jewellers to meet, resolve contentious issues affecting jewellery business, safeguarding members’ business interests in troubled times, conducting awareness and skills enhancement workshops and establishing a uniform gold rate across Karnataka.

 

About National Stock Exchange of India Limited (NSE):

 

The National Stock Exchange of India Ltd. (NSE) is the leading stock exchange in India and the second largest in the world by nos. of trades in equity shares from January to June 2018, according to World Federation of Exchanges (WFE) report. NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully-integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading and clearing members with the rules and regulations of the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology. NSE believes that the scale and breadth of its products and services, sustained leadership positions across multiple asset classes in India and globally enable it to be highly reactive to market demands and changes and deliver innovation in both trading and non-trading businesses to provide high-quality data and services to market participants and clients.

 

For more information, please visit: www.nseindia.com

 

Disclaimer: National Stock Exchange of India Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, an initial public offer of its equity shares and has filed a draft red herring prospectus dated December 28, 2016 (“DRHP”) with Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of SEBI as well as on website of the Managers, Citigroup Global Markets India Private Limited athttp://www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm, JM Financial Institutional Securities Limited at www.jmfl.com, Kotak Mahindra Capital Company Limited at http://www.investmentbank.kotak.com, Morgan Stanley India Company Private Limited at http://www.morganstanley.com/about-us/global-offices/india/, HDFC Bank Limited at www.hdfcbank.com, ICICI Securities Limited at www.icicisecurities.com, IDFC Bank Limited at www.idfcbank.com and IIFL Holdings Limited at www.iiflcap.com. Potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” beginning on page 19 of the DRHP. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States.

 

For any clarifications please contact:

 

Kumar Kartikey

Senior Manager, Corporate Communication

Mobile: 98195 49984

Email id: kumark@nse.co.in