Became the 3rd largest global exchange in the equity segment
The National Stock Exchange of India (NSE) has once again emerged as the world’s largest derivatives exchange in the year 2022 based on the number of traded contracts maintained by derivatives trade body Futures Industry Association (FIA). NSE is the world’s largest derivatives exchange for 4th consecutive year, ranks 3rd largest globally in equity segment in 2022
Also, according to the statistics maintained by the World Federation of Exchanges (WFE), NSE has secured the third position in the world in terms of number of trades (electronic order book) in the equity segment in the year 2022, which is an improvement of one position from the 4th position achieved in the previous year.
The benchmark equity index – Nifty 50 hit an all-time high of 18,887.60 in the calendar year. Liquidity witnessed significant strength across most product categories, including equities, equity derivatives and currency derivatives.
In the calendar year 2022, Exchange Traded Funds (ETFs) in the equity segment had a daily average turnover of Rs. 470 crore, which is an increase of 51 percent year-on-year. The average daily turnover of Sovereign Gold Bonds in the secondary market in calendar year 2022 is Rs. 7 crore, which is an increase of 59 percent year-on-year.
The equity segment of the NSE has also seen a significant increase in available government securities, with a low base volume last month with a daily average turnover of Rs. 3 crore has been touched.
In the derivatives segment, the recently launched Nifty Financial Services Index (FinNifty) has seen a successful increase in liquidity with lines of derivatives on Nifty 50 Index (Nifty) and Nifty Bank Index (BankNifty).
The NSE is expected to soon see the launch of the Social Stock Exchange as a segment entity, subject to regulatory approvals. These ‘Social Enterprises’ will enable especially philanthropic organizations to showcase their operations to a wider audience and raise funds by issuing mediums like Zero Coupon Zero Principal Bonds, facilitate participants to participate in socially beneficial activities and bring efficiency and transparency to the entire ecosystem.
On the derivatives front, NSE is working on and will soon announce new products in the currency and interest rate segments as well as in the commodity derivatives segment, subject to regulatory approvals.
All securities available for trading on NSE on January 27, 2023 in the equity segment will be settled on T+1 basis. This achievement is significant considering the size and large operations in the equity segment.
On this milestone occasion, Mr. Sriram Krishnan, Head of Business Development, NSE said: “I would like to take this opportunity to thank the Government of India, Securities and Exchange Board of India, Reserve Bank of India, trading members, investors and all other stakeholders for reposing their faith in us.
Achieving the 3rd position in equity segment and largest exchange in derivatives is the result of joint efforts of all stakeholders.
I appeal to all stakeholders as always to continue to provide their valuable feedback, suggestions and guidance and maintain our journey of market growth.”
