NSE: World’s Largest Derivatives Exchange
NSE is the National Stock Exchange of India. In 2022, the daily average turnover of the exchange reached Rs 470 crores. With this NSE has become the largest derivatives exchange in the world. This is the fourth consecutive time, NSE is holding this position. Apart from the derivatives, the exchange was ranked third in equities. The positions and data are based on the statistics presented by the World Federation of Exchanges.
WFE – World Federation Exchange
It maintains the statistics of stock exchanges in different parts of the world. It is basically a trade association. It is based in London and was founded in 1961.
How did NSE become the largest Derivatives Exchange?
- The NSE touched 18,887 points in 2022. This is its highest. Also, the liquidity of NSE increased in different categories including equity and currency derivatives.
- In equity, the daily average turnover of NSE was Rs 470 crore. This is 51% more as compared to 2021
- The Daily Average Turn Over in Sovereign Gold Bond was Rs 7 crores. This was 49% more than the previous year
- In 2021, government securities were made available amongst the equities. They too performed well. The Daily Average Turn Over of government securities was Rs 3 crores
NSE is to begin Social Stock Exchange soon.
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs