Highlight:
- This is based on the number of trade deals entered into by the Futures Industry Association, a derivative trading body.
- NSE also ranks fourth in the world in the number of cash equities.
Kochi: The National Stock Exchange of India has emerged as the largest derivative exchange in the world by 2021. This is based on the number of trade agreements entered into by the Futures Industry Association, a derivative trading body. NSE also ranks fourth in the world in the number of cash equities.
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Vikram Lima, MD and CEO, NSE, said:
He said the achievements owed a debt of gratitude to the Central Government and to the Securities and Exchange Board of India, the Reserve Bank of India, members of the Trading and Clearing Board, market partners and allied associates. Vikram told Lima that the support they have been giving for years is strong and without this support, achievements would not have been possible.
In 2021, the base of registered investors will cross 5 crore to 5.5 crore. Foreign investors’ portfolio equities for the third year in a row were 1,01,122 crore in 2019, 1,70,262 crore in 2020 and 25752 crore in 2021.
The average daily turnover in equity derivatives has increased 4.2 times over the last 10 years from 33305 crore in 2011 to 1,41,267 crore in 2021. During the same period, the daily cash market turnover increased 6.2 times from 11187 crore in 2011 to 69,644 crore in 2021. The equity-derivatives turnover ratio in the cash market has declined from 2.98 in 2011 to 2.03 in 2021. Academic research has shown that a well-functioning derivative market can deliver a number of benefits, including better cash flow and better pricing for basic assets.
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The average daily turnover of currency derivatives increased by 83 per cent from 14,252 crore in 2011 to 26,017 crore in 2021. NSE Weekly futures on USD-Indian Rupee Non-USD INR pairs saw significant growth in FCI INR pairs GBP INR, EUR INR and JPI INR. Daily turnover has increased seven-fold from Rs 783 crore in 2011 to Rs 5525 crore in 2021.
