Millennium Post

MCX-SX cash segment turnover hits new high of Rs 2,135 crore

Country's newest stock exchange MCX-SX' turnover in the cash segment last month crossed Rs 2,000 crore mark — a new high for the bourse which began equity trading earlier this year.

'The monthly turnover at MCX-SX increased manifold to Rs 2,135.3 crore in May, 2013 from Rs 33.4 crore registered in April, 2013,' Securities and Exchange Board of India (Sebi) said in its latest monthly report.

In the equity derivative segment as well, MCX-SX turnover nearly doubled to Rs 11,054 crore in May compared to April.The number of derivative contracts on MCX-SX has increased to 3.97 lakh in May from 2.49 lakh in April this year.

While Sebi's monthly report has captured data till May-end only, the exchange data shows that the MCX-SX's benchmark index SX40 reached a record derivative contract turnover of Rs 1,162.82 crore on 28  June.SX40 volumes have witnessed a strong and steady growth in its Futures and Options (F&O) segment since live trading began on 15 May, crossing the Rs 500 crore mark within less than a month on June 5 and Rs 700 crore on 7 June, followed by Rs 1,000 on 28 June, 2013.

However, MCX-SX which had begun live trading in equities in February, continues to lag behind its larger and older rivals -- NSE and BSE -- in terms of cash and derivative market turnovers.

For May, the monthly turnover of National Stock Exchange (NSE) in the cash segment stood at Rs 2.44 lakh crore, while its turnover from derivative trading amounted to Rs 35.03 lakh crore. BSE's monthly turnover in cash and derivative segment stood at Rs 49,996 crore and Rs 6.26 lakh crore, respectively.
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