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NSE Retains World’s Largest Derivatives Exchange Title for 2nd consecutive year in 2020: FIA

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NSE remains world's largest derivatives exchange for 2nd consecutive yearIn accordance with the Futures Industry Association (FIA), National Stock Exchange of India Ltd (NSE) remained the world’s largest derivatives exchange for the second consecutive year in 2020 in terms of number of contracts traded.

  • On the other hand, World Federation of Exchanges (WFE) has ranked it 4th in terms of cash equities by number of trades for calendar year 2020.

Key Points:

–In 2020, NSE launched a series of new products and services.

–In capital market segment it has listed T-bills (Treasury Bills) and SDLs (State Development Loans) facilitating investors to transact in these securities

–In debt segment, it launched the Request for Quote Platform for execution and settlement of trades in debt securities.

–On the derivatives front, it launched weekly futures and options contracts on the EUR-INR, GBP-INR and JPY-INR pair where EUR is Euro, GBP is Pound Sterling, and JPY is Japanese Yen.

–In the commodity derivatives segment, NSE launched its first commodity options contract on gold, followed by silver.

–It also marked an initiation towards agricultural commodities with a futures contract on Crude Degummed Soybean Oil.

Key Numbers regarding NSE:

–There were 70 lakh new registrations in 2020, the highest in a calendar year and 2.3 times the number of registrations in 2019.

–It’s capital market segment average daily turnover saw a growth of 57% in 2020.

–The volumes transacted through mobile and internet-based platforms also increased stating 35% of cash market turnover.

Recent Related News:

i.On 19th October 2020, BSE (formerly known as Bombay Stock Exchange) signed a Memorandum of Understanding with the Industries and Commerce Department, Government of Telangana along with GlobalLinker to support micro, small and medium enterprises (MSMEs) of the state to raise equity funds.

ii.On December 11, 2020 BSE(formerly known as Bombay Stock Exchange), through its subsidiary BSE Investments Ltd., launched ‘BSE E-Agricultural Markets Ltd.(BEAM)’, an electronic spot platform for agricultural commodities.

About National Stock Exchange:
Managing Director (MD) & Chief Executive Officer (CEO)– Vikram Limaye
Headquarter– Mumbai, Maharashtra

About Futures Industry Association (FIA):
Chairman– Nicholas Rustad
Headquarter– Washington D.C., United States (US)