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BSE Equity Derivatives cross a new milestone

Geyatee Deshpande
/ Categories: DSIJ Mindshare, DSIJ News
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BSE Equity Derivatives cross a new milestone

BSE reported that total trading turnover on Sensex 50 Futures & Options has crossed Rs 16565 crore as of July 10, 2020, for the weekly contract with Monday expiry.

As a result of the unique Monday weekly expiry contracts, the BSE Equity Derivatives segment has seen immense participation and has subsequently witnessed a rise in the turnover. With continued active participation from all of its members, the exchange looks forward to further increase in the volumes.

The S&P BSE Sensex 50 index which was launched in December 2016, estimates the performance of top 50 largest and liquid stocks in the S&P BSE LargeMidCap by float-adjusted market capitalisation. Whereas the S&P BSE Sensex which measures the performance of 30 largest, most liquid and financially sound listed companies in the country’s key economic sectors. Back in October 2018, BSE had introduced the weekly futures and options contracts on S&P BSE Sensex 50 index with Thursday expiry. Later from June 29, 2020, BSE changed the expiry of weekly contracts from Thursday to Monday in the equity derivatives segment with all other contracts (other than weekly contracts) continuing to expire on last Thursday of the calendar month.  It also decided to introduce liquidity enhancement scheme (LES) in the equity derivatives segment for S&P BSE Sensex 50 (weekly & monthly) futures and options contracts effective from July 1. Under this scheme, brokers and other market intermediaries are given incentives for a specified period of time to bring in liquidity and generate investor interest in securities which have limited trading activity.

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