Asia’s oldest exchange, BSE, has sought market feedback on strategies to maintain its recent success in attracting significant trading volumes to its derivatives segment, as it faces a potential disruption from its larger rival, the National Stock Exchange.
According to people familiar with the matter, one proposal under consideration is to reschedule the expiration of Sensex contracts to Monday.
Last month, BSE’s chief executive officer Sundararaman Ramamurthy announced shifting the expiration of its weekly index derivatives contracts from Thursday to Friday in its bid to counter NSE, whose index contracts also expire on Thursday. The strategic move, coupled with smaller contract sizes, has yielded remarkable results since it was implemented. Turnover soared nearly 650-fold, rising from about ₹527.61 crore on the first revised weekly expiry date on 19 May to ₹3.42 trillion on the fifth expiration date on 16 June.
Esta historia es de la edición June 21, 2023 de Mint Mumbai.
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