Tuesday, May 16, 2023

BSE relaunches Sensex and Bankex Derivatives Contracts

Sensex and Bankex derivatives contracts expiry changed to Friday, only Indian index to expire on Friday; Sensex contract size reduced from 15 to 10 units, Bankex lot size from 20 to 15 units 

Revisions to provide multiple additional trading opportunities and strategies for market participants 

Mumbai, May 15, 2023:  BSE Ltd. (previously Bombay Stock Exchange), today launched its Sensex and Bankex derivatives contract. 

Shri. S S Mundra, Chairman, BSE in his address said that BSE is taking several measures to create vibrancy in the exchange. He said BSE is progressing on the three pillars of innovation, technology, and commitment which will help in achieving success in this environment. 

Speaking on the launch function, Shri Sundararaman Ramamurthy, MD and CEO of BSE Ltd. said “As the oldest and largest stock exchange in India, BSE has always been committed to provide innovative and cost-effective solutions to meet the evolving needs of our customers. These initiatives will encourage more people to attain their financial objectives by trading in a vibrant exchange.’’

The relaunch evoked good response from market participants. Nearly 100 members participated in trading with a total turnover of Rs 53.12 crores with an open interest of 252 lots. Sensex futures May 19 weekly expiry was the most active contract. Brokers across the country participated in today’s trade. Member East India Securities Ltd. was the first to trade in the new contract today. 

About BSE

BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.

BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market, and stimulate innovation and competition across all market segments.

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