NEW DELHI : BSE will make available the negative price level feature at its trading system for commodity derivatives segment, the leading exchange said on Tuesday.
This comes following a recent global development in the crude oil derivatives market where trading of derivatives contracts happened at negative prices owing to various underlying factors.
Market experts welcomed the move, saying it is a very progressive step. In a circular, BSE informed its trading members of commodity derivative segment that the exchange's trading system has been modified to accept orders and execute trades at negative prices.
To facilitate testing of this feature in the simulation (test) environment, the exchange said that trading price range of Brent Crude