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Business News/ Markets / Stock Markets/  NSE remains world's largest derivative exchange in 2023 for fifth straight year
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NSE remains world's largest derivative exchange in 2023 for fifth straight year

The National Stock Exchange of India emerged as the world's largest derivative exchange in 2023 by the number of contracts traded.

NSE has emerged as the largest derivative exchange in 2023.Premium
NSE has emerged as the largest derivative exchange in 2023.

Continuing its dominance among peers for five years, the National Stock Exchange of India emerged as the world's largest derivative exchange in 2023 by the number of contracts traded. In addition to this, it ranked 3rd in the world in the equity segment by number of trades (electronic order book).

“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
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