BSE (formerly Bombay Stock Exchange) has seen its market share go past the critical 20 per cent mark in the derivatives segment, intensifying its battle with bigger rival — the National Stock Exchange (NSE) - which, less than a year ago, had a monopoly in this space.
In April, the average daily trading volume (ADTV) for BSE stood at ₹89 trillion, accounting for 20.6 per cent of the overall ADTV of 432 trillion (based on notional volumes for options).
Last month, the ADTV for NSE saw a month-on-month decline for the second straight month to 343 trillion, indicating that the derivatives pie has stopped growing and some volume generators could be moving to BSE.
Industry players said BSE's derivatives platform has been gaining wider acceptance among market participants. The bourse now has 3.5 million unique investors, close to 400 brokers, and 100 foreign portfolio investors (FPIs) trading on its platform, along with several algorithmic (algo) traders who are seen as active volume generators.
When BSE relaunched its Sensex and Bankex derivatives contracts in May 2023, it had the support of fewer than 10 brokers.
Diese Geschichte stammt aus der May 02, 2024-Ausgabe von Business Standard.
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