Today at market close, BSE’s F&O turnover hit a record high of Rs. 1600.1 crore. The previous recorded highest volumes in BSE derivative segment was Rs. 1509.8 crore on February 13, 2008. Derivatives volumes in SENSEX (India’s bellwether index traded on BSE) has also shown steady growth in volumes since the launch of the incentive programme. SENSEX Futures & Options touched a record high of turnover volume of Rs. 1535.4 crore today. In the Index Futures segment, SENSEX Futures now already has a daily market share of 6-8 %.
In line with the framework prescribed by SEBI and global best practices, BSE in September 2011 rolled out LEIPS (Liquidity Enhancement Incentives Programmes) initiative. The program is aimed to stimulate broad based participation and to help BSE become an advanced, more liquid and inclusive marketplace.
Further to the successful completion of LEIPS Phase - I (Beta), BSE had launched LEIPS Phase - II on October 26th 2011.
Speaking on the development, MD & CEO, BSE, Mr. Madhu Kannan said, “BSE’s efforts over the last couple of years in the Derivatives segment are paying off indicated by the widespread participation. More than 350 members have registered for LEIPS with over 120 members participating in the trading daily. BSE F&O turnover has steadily increased since its launch and this has helped BSE increase the market share in the Derivatives segment. I am confident we will cross more milestones as we continue to drive our efforts to build a sustainable and healthy order-book in Derivatives segment.”
