BSE currency options segment largest in the world

Number of contracts in currency options segment had grown by nearly 30% in March

The BSE currency options segment has now become the largest in the world, after three consecutive months of highest volumes, in terms of contracts traded. The number of contracts traded in March touched 24.71 million, up from 19.11 million contracts in February 2015.

In a release sent by the exchange, BSE said that the number of contracts in the currency options segment had grown by nearly 30% in March. The exchange has quoted data from the World Federation of Exchanges (WFE).

"BSE launched the Currency Derivatives Segment on its new trading platform, to Bolt+, a new platform which offers a response time of 200 microseconds, several times faster than the nearest competition. Traders can now place in around 500,000 orders in a second adding a completely new dimension to trading in the history of Indian stock markets," said Ashish Chauhan, MD & CEO, BSE.