The oldest stock exchange of Asia Bombay Stock Exchange ( BSE ) has made changes in its system to allow for trading in commodity derivatives at negative prices, following the collapse of Unites States crude oil futures last week.
The Indian exchange's BOLT Plus trading system has been modified to accept orders and execute trades at negative prices, BSE said.
The May contract of the West Texas Intermediate ( WTI ) crude has closed at minus $ 37.63 on 20th April as lockdowns following the covid-19 induced lockdown crushed demand for the commodity.
The Indian exchange's BOLT Plus trading system has been modified to accept orders and execute trades at negative prices, BSE said.
The May contract of the West Texas Intermediate ( WTI ) crude has closed at minus $ 37.63 on 20th April as lockdowns following the covid-19 induced lockdown crushed demand for the commodity.
