Now Reading: BSE launches EGR segment with UDiFF format bhav copy
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BSE launches EGR segment with UDiFF format bhav copy
BSE has introduced a bhav copy file in the UDiFF format for its newly launched Electronic Gold Receipts (EGR) segment. The move is aimed at standardising data dissemination for investors trading in electronic gold receipts on the exchange.
The UDiFF (Universal Data Interchange Format for Financial markets) format is designed to provide a uniform and machine-readable data structure. The bhav copy will contain end-of-day price and volume data for all EGR securities listed on BSE.
The EGR segment was launched to enable seamless trading of gold in electronic form, offering investors an alternative to physical gold holdings. The new bhav copy format is expected to enhance transparency and ease of access for market participants.
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Electronic Gold Receipts allow investors to hold and trade gold without storage concerns, similar to holding shares. BSE's adoption of UDiFF aligns with Sebi's push for standardised data across all asset classes. The format is already used for equity and derivatives bhav copies, making integration easier for data vendors and analysts. This step may improve retail participation in gold trading by lowering information asymmetry. Investors should watch for similar adoption by NSE for its EGR segment, which would further deepen the gold market liquidity.
Source: bseindia.com
This story was synthesised by AI from the source linked above. Methodology and corrections.
