Media Release
BSE Sensex 50 derivatives contracts sets new record with turnover of INR 162,055 cr
Mumbai, September 14, 2020: BSE, India's leading and most diverse marketplace continued its upward trajectory in the equity derivatives segment with a new all-time daily turnover record of INR 162,055 cr on September 14, 2020. The previous high was INR 144,679 cr on August 31, 2020. The S&P BSE SENSEX 50 Weekly Futures & Options Contract with Monday Expiry offers participants unique framework to offset their equity risks with familiar products. The enhanced liquidity of these contracts along with BSE's superior front-end trading software and co-locations services available free of cost, ensures that participants can hedge their equity risks at the most cost-effective way.
Commenting on this milestone, Shri. Sameer Patil, Chief Business Officer, BSE, said, "Since the launch on June 29, 2020, Sensex 50 contracts have rapidly developed robust liquidity and become one of the most successful products in BSE's history. The BSE platform offers participants the most cost-efficient and reliable tools to manage uncertainty in today's globalized economy across the entire value chain including Equities, Commodities, Currency and more. The exchange saw record volumes in derivatives in the last month as well as in September, and will continue to provide our client base with the tools they need to mitigate risk going forward."
BSE offers the most cost-efficient trading platform for Index options available in Indian markets. For instance, participants can envisage savings to the tune of INR 1.2 lakhs on a round-trip transaction exposure of INR 10 cr due to no transaction charges on the BSE platform. For a greater exposure, the savings are higher. This provides further opportunities for investors and businesses to not only protect their positions against price fluctuations but also save on transactions costs.
The S&P BSE SENSEX 50 Weekly Futures & Options Contract with Monday Expiry is gaining volumes and participation, as it offers the ideal hedging tool a volatile market. The Sensex 50 index represents about 58 percent of market capitalization of India's listed universe, and offers greater flexibility for participants to hedge their equity risks.
BSE thanks the consistent support and active participation of all its members and looks forward to increased volumes in the future.
About BSE
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, commodity 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 (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil Guar Gum, Guar Seeds & Turmeric.
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’s 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, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.
BSE has set up an Investor Protection Fund (IPF) on July 10, 1986 to meet the claims of investors against defaulter Members, in accordance with the Guidelines issued by the Ministry of Finance, Government of India. BSE Investor Protection Fund is responsible for creating Capital markets related awareness among the investor community in India.
Media Contact:
Yatin Padia / Rahul Vyas/ Shruti Nitesh
022 2272 8516 / 2272 8472/ 8108000974
Yatin.padia@bseindia.com/ Rahul.vyas@indiainx.com/ shruti.nitesh@adfactorspr.com