Millennium Post

NSE is now world’s 2nd largest bourse

The National Stock Exchange (NSE) emerged as the world’s second-largest bourse in terms of turnover in trading of index as well as stock futures, according to latest data.  Index and stock futures are generally contracts based on a particular stock or index.

NSE is ranked second in trading turnover for index futures for the month of June, just behind European bourse Eurex, according to market regulator SEBI’s July bulletin.

SEBI has cited data from the World Federation of Exchanges (WEF). In the index futures, the domestic exchange’s turnover skyrocketed more than six times to $351.65 billion in June from $47.36 billion in May. At the third spot was NYSE Liffe Europe ($179.176 billion) followed by Hong Kong exchanges $149.65 billion) and Israel’s Tel Aviv stock exchange ($149.55 billion) at fourth and fifth positions, respectively. On the stock futures front, too, NSE cornered the second position in June with a turnover of $ 54.58 billion. The figure is marginally higher than $53.95 billion recorded in May. NSE was ahead of Eurex ($48.78 billion) while NYSE Liffe Europe was at the top with a turnover of $ 73.34 billion.
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