Bombay Stock Exchange has signed a licensing agreement with Intercontinental Exchange, Inc. for the use of the ICE Brent Index as the final settlement price for BSE's Rupee-denominated Brent futures contract. This licensing agreement will help Indian market participants access Rupee-denominated Brent benchmark prices and deepen the Indian commodity markets by providing convenient and cost-effective onshore hedging products. It will also enable the price discovery of Brent crude prices in the Indian time zone based on domestic fundamentals. BSE provides an efficient and transparent market for trading in equity, debt instruments, derivatives, mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME).