According to data released for July 2012 by the World Federation of Exchanges (WFE), BSE Ltd. has been ranked 3rd in the world in terms of number of index options contracts traded. On YTD (year-till-date) basis, BSE Ltd finds place in the Top 5 exchanges globally.
Further data from WFE puts BSE Ltd. at the 19th position for July 2012 and 17th on YTD basis in Index futures segment globally. In single-stock Futures and Options, BSE Ltd. is ranked 14th and 24th respectively, globally on YTD basis.
BSE Ltd. has been steadily growing to global levels, in terms of level of activity and overall turnover, steadily from the start of this year. Several initiatives rolled out by the Exchange are bearing fruit as market participation and volumes are being sustained and growing steadily. Currently the share of BSE Ltd. in the Derivatives segment is between 30-40% daily.
Commenting on this development, Mr. Ashishkumar Chauhan, Interim CEO, BSE Ltd. said, “We are happy to note the prominent ranking of BSE in the July 2012 data released by WFE. We acknowledge the encouraging widespread support by market participants to BSE’s efforts in the Derivatives segment. Over last 3 years, BSE has invested in technology framework for trading, clearing and settlement. BSE has been handling upto 4 crore orders Derivatives orders daily. It is a testimony to the widespread interest that BSE's derivatives activities have generated recently amongst all type of market participants. Cost of trading at BSE is significantly lower, between 87-99.5% in the Derivatives segment vis-à-vis competition. We have also recently introduced new products that have been well-accepted by the market – BSE 100 and Cash-Future Spread (CFS). BSE will continue to innovate on several fronts including products, technology and costs that add value market participants and investors."
* By the number of contracts traded in July 2012
