For the fourth consecutive year, the National Stock Exchange (NSE) of India has been named the largest derivatives market in the world for 2022. The NSE is the largest international exchange in terms of the volume of contracts traded, according to the Futures Industry Association. Additionally, it is anticipated to be the third-largest exchange for trading cash equities in 2022.
According to the Futures Industry Association, the National Stock Exchange of India (NSE) will once again be the largest derivatives exchange in the world in 2022 in terms of the volume of contracts exchanged (FIA).
According to a statement released by the NSE on Sunday, the exchange has secured the top rank for four years in a row.
Additionally, according to statistics compiled by the World Federation of Exchanges, the exchange moved up from fourth place to third in the equities category by the number of trades (electronic order book) in 2022. (WFE).
The benchmark equity index, the Nifty 50, reached a record high of 18,887.60 during the calendar year. Additionally, there was a noticeable improvement in liquidity across several product categories, including stock, equity derivatives, and currency derivatives.
Exchange-traded funds’ (ETFs’) daily average turnover in the equities sector was Rs 470 crore in CY 2022, up 51% from the previous year (Y-o-Y).
The daily average turnover for sovereign gold bonds in the secondary market increased by 59% year over year to Rs 7 crore in CY 2022. With volumes reaching a daily average turnover of Rs 3 crore last month, government securities, which have been made available in the equity area of the NSE, are also experiencing considerable growth, albeit from a lesser base.
According to Sriram Krishnan, Head of Business Development, NSE, “the accomplishment of being rated third in equity segment and largest exchange in derivatives is a culmination of the joint work of all the stakeholders.”
According to NSE, subject to regulatory approvals, the Social Stock Exchange section is anticipated to launch soon.
This would make it possible for “Social Enterprises,” in particular non-profit organizations, to exhibit their efforts to a larger audience, raise money through the issue of products like Zero Coupon Zero Principal Bonds, and improve the ecosystem’s efficiency and transparency.
Regarding derivatives, NSE stated that it is developing new products in the areas of currency, interest rates, and commodities derivatives and will soon announce the launch. Regulation approvals are necessary for this.
