Media Release
BSE Currency Derivatives turnover crosses more than Rs. 2000 cr two days in a row
Mumbai, January 20, 2014: BSE attains a remarkable trading volume of Rs 2000 cr in a single day in its currency derivative segment. This segment was newly launched on the 28th of November, 2013. In mere 45 days, BSE's has been successful in achieving Rs 2000/- cr turnover per day with market share of almost 20% in this segment.
Commenting on the development, Shri Ashishkumar Chauhan, MD&CEO, BSE said, "We are delighted to have achieved this trading volume of more than Rs 2000 cr in currency derivatives in less than 45 days of the launch of the segment. We are also happy that members are rapidly adopting and connecting to the super-fast Bolt+ system which provides 200 micro seconds response time, making BSE the fastest exchange in India. We believe speed of trading is the most important factor determining success of any exchange. After 20 years, BSE has become the fastest exchange in India and we plan to further build on this advantage.”
“All market participants such as algo traders, high frequency traders, dealers, manual traders, retail traders, financial institutions have liked BSE’s new offering. Going further, as more investors adopt the new trading system, we expect the liquidity to increase manifold.” Mr. Ashishkumar Chauhan Added.
BSE plans to launch interest rate derivatives on the same platform from Jan 28, 2014 and equity derivatives from first week of February 2014. BOLT Plus platform is based on T7, the global trading architecture of Deutsche Boerse AG. One of the key features of the new system is a response time of approximately 200 micro seconds making it the fastest trading platform in the country today, several times faster than the nearest competition. The launch adds to the product and technology leadership position of BSE, which has witnessed success of many such products and systems in the last 2 years.
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BSE (formerly Bombay Stock Exchange Ltd.) – Established in 1875, BSE Ltd. (formerly known as Bombay Stock Exchange Ltd.), is Asia’s first Stock Exchange and one of India’s leading exchange groups and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing. BSE also has a dedicated platform for trading in equities of small-and-medium enterprises (SME). BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments. Indian Clearing Corporation Limited, the wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on BSE platform and provides full novation guaranteeing the settlement of all bonafide trades executed on the BSE Platform. BSE Institute Ltd, a fully owned subsidiary of BSE, runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), a subsidiary of is one of the two central depository services in India.
For More Information
Yatin Padia – 022 2272 8516 / Ketan Mehta – 022 2272 8321
Marketing Communications
yatin.padia@bseindia.com/ketan.mehta@bseindia.com