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BSE largest exchange in currency option contracts

BSE has become the world’s largest stock exchange in currency option contracts traded in the month of March 2015, for the third consecutive month, according to the data released by the World Federation of Exchanges (WFE). A total of 24.71 million contracts were traded on the BSE currency option segment during the month. In February 2015, BSE had traded a total of 19.11 million contracts. BSE recorded a growth of nearly 30% in the number of contracts traded on the segment in March. Ashish Chauhan, MD & CEO, BSE, said, “BSE launched the Currency Derivatives Segment on its new trading platform, Bolt+, which is a new platform that offers a response time of 200 microseconds, several times faster than the nearest competition. Traders can now place in around 500,000 orders in a second adding a completely new dimension to trading in the history of Indian stock markets. This technology has made BSE the fastest exchange in India and one of the fastest exchanges in Asia.”

BSE (formerly Bombay Stock Exchange, which came into being in 1875, is Asia’s first stock exchange and one of India’s leading exchange groups and has played a prominent role in developing the Indian capital market. It is a corporatized and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners. The exchange provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. BSE Institute Ltd, a fully owned subsidiary, runs one of the most respected capital market educational institutes in the country.

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