Bombay Stock Exchange confirms intention to launch new derivative products
Bombay Stock Exchange (BSE) is looking to revive its
derivatives business, leaving observers asking whether recent
equity purchases in the exchange by international platforms has
led to a commitment to take on National Stock Exchange for
India's financial futures market.
According to Rajnikant Patel, managing director and chief
executive at BSE, reviving the exchanges futures and options
sector is now a âtop priorityâ. He
pointed out that derivatives turnover at BSE has increased from
virtually nothing by late 2006 to a notional value of INR8bn
($194.6m) each day by August, but conceded that
âwe have a long way to go to become a
significant player in this segmentâ.
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