Media Release
BSE becomes world’s largest exchange in Currency options segment
Clocks highest contracts traded for 3 consecutive months
Mumbai, April 17, 2015: India’s premier Stock Exchange, BSE has become the world’s largest exchange in currency option contracts traded in the month of March 2015, for the third consecutive month, according to the data released by the World Federation of Exchanges (WFE). A total of 24.71 million contracts were traded on the BSE currency option segment in the month of March 2015.
In the month of February, 2015 BSE had traded a total of 19.11 million contracts. BSE recorded a growth of nearly 30% in the number of contracts traded on the segment in March.
Speaking on this occasion Mr. Ashish Chauhan, MD & CEO, BSE said, “BSE launched the Currency Derivatives Segment on its new trading platform, to Bolt+, a new platform which offers a response time of 200 microseconds, several times faster than the nearest competition. Traders can now place in around 500,000 orders in a second adding a completely new dimension to trading in the history of Indian stock markets. This technology has made BSE the fastest exchange in India and one of the fastest exchanges in Asia.”
About BSE Ltd
BSE (formerly Bombay Stock Exchange Ltd.) – Established in 1875, BSE, 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 innovation 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.