NSE is the world’s largest derivative exchange for fifth consecutive Year Ranks 3rd largest globally in equity segment in calendar year 2023
NSE is the world’s largest derivative exchange for fifth consecutive Year Ranks 3rd largest globally in equity segment in calendar year 2023
The Economic times
NSE world's largest derivatives exchange for fifth year in a row; third in equity
India's leading bourse NSE has emerged as the world’s largest derivatives exchange group in 2023 by the number of contracts traded, according to the Futures Industry Association (FIA), a derivatives trade body.
NSE remained the world’s largest derivatives exchange for the fifth consecutive year in 2023. It is ranked third in the world in the equity segment by number of trades (electronic order book) in 2023, as per the World Federation of Exchanges.
"Ranking third in the equity segment and being the largest derivatives exchange demonstrates the strong capabilities of the Indian capital market ecosystem on the global map. This will help attract new investors as well as fund flows to Indian markets, thereby aiding capital formation," said Sriram Krishnan, chief business development officer, NSE.
The year 2023 has witnessed many milestones such as market capitalisation of listed companies surpassing $4 trillion and SME listed companies crossing the Rs 1 lakh crore mark.
The benchmark Nifty50 index has also surpassed the 20,000 level for the first time.
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The number of unique registered investors on the exchange surpassed 8.5 crore at the end of the calendar year.
NSE has witnessed growth in the number of clients traded for the tenth year straight in its equity segment. The year also saw record-high turnover on a single day in equity segment of Rs 1.67 lakh crore on November 30, 2023
Meanwhile, the equity derivatives to cash market turnover ratio marginally declined in 2023 to 2.64.
During the year, many changes were effected when it comes to easing the processes for investors. The equity segment completed its transition for settlement of all securities on T+1 basis. In the primary market, the timeline for listing of securities has been shortened to T+3 days.
The exchange launched the social stock exchange as a segment this year, which will facilitate the social enterprises (NPO and FPE) to showcase their work to a wider audience and mobilize funds through the issuance of instruments such as Zero Coupon Zero Principal Bonds,
This allows participants to participate in philanthropic causes and bring in efficiency and transparency in the overall ecosystem. The segment has seen registrations by 42 non-profit organizations (NPOs) and fund-raising by one NPO.
In the commodity derivatives segment, the exchange has launched 21 new commodity derivatives contracts, including commodity options on futures contracts on underlying such as WTI crude oil, natural gas, gold, silver, and base metals.
Updated on: 28/02/2024
