BSE Equity Derivatives records new high turnover of INR 144,679 crores
Mumbai, August 31, 2020: BSE, India’s leading and most diverse marketplace maintained its upward trajectory in the equity derivatives segment with a new all-time daily turnover record of INR 144,679 crores on August 31, 2020. The previous high was INR 114,263 crores recorded on August 25, 2020. The consistent growth of trading turnover reflects the growing investor appetite of BSE’s unique contract design with Monday Expiry. The Sensex 50 index offers participants the ideal equity hedge in a volatile market, with its constituents representing about 58 percent of market capitalization of India’s listed universe. The Sensex 50 options contracts offers superior flexibility and an cost efficient hedge for participants than any comparable product in Indian markets.
Commenting on this milestone, Shri Sameer Patil, Chief Business Officer, BSE, said, “BSE’s equity derivatives segment has been gathering pace recently, but it’s really come to the fore this month in terms of investor appetite and maturity. Product that meet the growing needs of investors, offset via alternate expiry day, enhanced liquidity, reliability of BSE’s trading systems and software, and regulatory support via interoperability and cross-margining framework have played a major role for growing volumes of Sensex 50 contracts.”
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 as compared to other trading venues. 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 offers the widest range of financial products across all major asset classes based on equity, equity indices and stocks, currency, energy, agricultural products and metals. BSE thanks the consistent support and active participation of all its members and looks forward to increased volumes in the future.
