Currency derivative trade rises 36% in FY16

Mumbai: Currency derivative turnover on the three top bourses of the country surged 36 percent to nearly Rs 76 lakh crore during last fiscal.

The currency derivative turnover on the three exchanges NSE, BSE and MSEI  stood at Rs 55.8 lakh crore during fiscal 2014-15, as per data from regulator Sebi and stock exchanges.

Moreover, the volumes of currency derivatives also rose by 28 percent to 114.4 crore last fiscal compared with the same year-ago period.

Individually, the turnover of currency derivatives at NSE increased to Rs 45 lakh crore in 2015-16, from Rs 30.2 lakh crore in the same period year-ago.

The bourse has 59.3 per cent share in the currency derivative segment of the country's capital markets.

In 2014-15, it represented 54 percent stake in the total turnover from the segment.

The number of currency derivative contracts on NSE rose to 67.3 crore from 48 crore in the period under review.

BSE, which had commenced trading in currency derivatives in November, 2013, recorded a turnover of Rs 27.64 lakh crore in the segment, during the last fiscal.

This is 45 percent increase from Rs 19 lakh crore registered in 2014-15.

Helped by its latest trading technology, BSE has fast become the second largest bourse in the country in this category with 36.4 percent market share.

The stock exchange witnessed trading in 42 crore currency derivative contracts in 2015-16 compared with 31 crore in 2014-15.