Media Release
BSE Equity Derivatives segment posts a new all-time record high of INR 184,655 crore
Mumbai, October 9, 2020: The daily equity derivatives turnover of BSE climbed to an all-time high of INR 184,655 crores on October 9, 2020, on back of a sharp increase in the transactions in an upbeat equity market. The previous record daily turnover of INR 170,921 crore was on September 30, 2020. BSE's equity derivatives segment has been posting increased participation and volumes since the launch of Sensex 50 contracts on June 29 this year, which have rapidly developed robust liquidity and continues its steady upward momentum.
Commenting on this milestone, Shri. Sameer Patil, Chief Business Officer, BSE, said, "We are pleased with the ongoing success and expanding member participation in equity derivatives segment, and especially in the innovative Sensex 50 contracts that is 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 lakhs on a round-trip transaction exposure of INR 10 crores 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.
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