BSE Sensex 50 Derivatives posts record single day high turnover of INR 200,390 crore
Mumbai, October 13, 2020: Building on a record-breaking momentum for the past three months, the Sensex 50 contracts of BSE has crossed daily trading turnover of INR 2 lakh crore for the first time in history. The exchange recorded turnover of INR 200,390 crore on October 13, 2020 in Equity Derivatives segment, on back of a sharp increase in the transactions in an upbeat equity market. The previous daily high turnover INR 184,655 crore was recorded on October 9, 2020.
Commenting on this milestone, Shri Sameer Patil, Chief Business Officer, BSE, said, "The robust performance of BSE Sensex 50 contracts in particular is enabling more liquidity in the market. It is a testament to the contract’s ability to help traders, individual investors and hedgers to cost-effectively manage their equity risk."
For participants seeking protection and various hedging mechanisms to mitigate equity risks, BSE's unique Sensex 50 derivatives contracts with Monday expiry enhances liquidity and widens investor participation in similar products. The innovative Sensex 50 contracts are ideally suited for hedging of equity exposure in a volatile market.
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 lakh on a round-trip transaction exposure of INR 10 crore 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.
Trading at BSE's equity derivatives segment is currently free of charge, along with best-in-class trading infrastructure, co-location services, lease-line and front-end software. BSE continues to play a pioneering role in the development of India's financial markets by constantly improving the trading landscape with enhanced price discovery, liquidity and transparency. BSE thanks the consistent support and active participation of all its members and looks forward to increased volumes in the future.
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.
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