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BSE Derivative turnover spikes to Rs. 116 lakh cr for Apr-Oct

Equity derivative turnover at BSE has grown substantially to over Rs. 116 lakh crore so far in the current fiscal, from year-ago levels, as the exchange has put in place new measures including technology systems for faster trades.

The exchange had recorded trades amounting to about Rs. 50 lakh crore, during the April-October period in fiscal 2013-14.

In the last six months itself, the orders per day at BSE has grown nearly three times from 15 crore per day to 45 crore per day, helped by a faster technology.

In terms of volumes, the trades on the exchange also surged to nearly 30 crore in the first seven months of current fiscal as against 16.80 crore in the year-ago period.

BSE, a top exchange globally for the number of listed companies, had upgraded its technology platform to Bolt Plus for all its segments earlier this year.

Following this, the equity derivative segment value on the bourse has stood at Rs. 19-24 lakh crore on a monthly basis, as against Rs. 5 lakh crore in April.

Number of derivative contracts also surged from 1.5 crore in April to more than 5 crore in the subsequent months.

“BSE implemented new technology in April 2014 which provides response time of 200 micro-seconds with a capacity of 500,000 orders per second.

“It is faster than any exchange by ten times or more in India giving significant advantage to the investors who trade on BSE vis-a-vis other exchanges,” said BSE CEO Ashish Chauhan.

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