Bengaluru, September, 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. VenkateshBabu, 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. VenkateshBabu, 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.