NSE remains world's largest derivative exchange in 2023 for fifth straight year (2024)

“NSE Group (National Stock Exchange of India and NSE International Exchange) has once again emerged as the world’s largest derivatives exchange group in the calendar year 2023 by number of contracts traded based on statistics published by Futures Industry Association (FIA), a derivatives trade body," said the stock exchange in its release on Thursday.

Major milestones of NSE in 2023

The Indian stock market rejoiced in the previous year, as the Indian bourses continued to set new benchmarks every month. Several milestones achieved by the Indian stock market indices in 2023 include market capitalization of listed companies surpassing USD 4 trillion, SME listed companies surpassed the ₹1,00,000 crore mark and the Nifty 50 index surpassed the 20,000 index levels for the first time.

Moreover, the number of unique registered investors on the exchange also crossed the 8.5 crore mark by the end of 2023. NSE has witnessed year-on-year growth in several clients traded for the 10th consecutive year beginning 2014 to 2023 in its equity segment.

The year also witnessed a boost in the performance of the equity segment, whose turnover jumped to a record high number of ₹167,942.47 crores on November 30, 2023. Its equity derivatives segment increased to ₹381,623.12 crores on December 2, 2023. The equity derivatives to cash market turnover ratio marginally declined this year from 2.86 in calendar year 2022 to 2.64 in calendar year 2023.

Implementation of T+1 settlement

One of the significant transformations in the stock market indices was the transition of settlement of all securities on a T+1 basis. The T+1 settlement has been a major catalyst in the increase of liquidity in the stock market and decreasing the waiting time for investors performing security transactions.

In the primary market, the timeline for listing securities has been shortened to T+3 days. Under its newly launched segment, Social Stock Exchange, NSE ensured to facilitate the social enterprises (NPO and FPE) to reach out to a larger audience for its work with instruments like Zero Coupon Zero Principal Bonds, thereby allowing participants to participate in philanthropic causes and bring in efficiency and transparency in the overall ecosystem.

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Published: 18 Jan 2024, 05:32 PM IST