BSE Sensex 50 derivatives touches new milestone, posts single-day turnover of Rs 3,13,463 crore
The robust performance of BSE Sensex 50 contracts in particular is noteworthy with its increasing liquidity and depth of market. In a volatile period for Indian markets, Sensex 50 derivatives contracts offers market participants protection to mitigate their risk and meets their growing needs.
New Delhi: The Bombay Stock Exchange (BSE) has continued its record-breaking momentum in the equity derivatives segment, with the Sensex 50 contracts crossing daily trading turnover of INR 3 lakh crores for the first time. The exchange recorded turnover of INR 313,463 crore on November 9, 2020 in Equity Derivatives segment, on back of a buoyant equity markets globally.
The previous daily high turnover INR 2,43,229 crore was recorded on November 5, 2020. Recently, BSE received an Exemptive Relief Under CFTC Rule 30.10 that enables members to accept futures and options orders from customers located in the US. This will benefit BSE members and provide the US customers increased access to Indian futures and options markets.
Commenting on this milestone, Shri Sameer Patil, Chief Business Officer, BSE, said, “The increased liquidity and efficiency of BSE’s pioneering
Sensex 50 index contracts with Monday Expiry will help create an ecosystem that is more competitive, transparent, and engaging for Indian investors. BSE will continue to work to widen participation, thus providing the most diverse range of products and risk management tools across asset classes, while promoting capital formation.”
The robust performance of BSE Sensex 50 contracts in particular is noteworthy with its increasing liquidity and depth of market. In a volatile period for the Indian markets, the Sensex 50 derivatives contracts offers market participants protection to mitigate their risk and meets their growing needs via offset via alternate expiry day, enhanced liquidity, and reliability of BSE’s trading systems and software.
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 1.18 lakhs on a round-trip transaction exposure of INR 10 crore 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.
BSE thanks the consistent support and active participation of all its members and looks forward to increased volumes in the future.