MCX-SX's SX40 index derivatives turnover crosses Rs 1,000-cr mark

MCX Stock Exchange’s (MCX-SX) flagship index, SX40, on Friday crossed a turnover of Rs 1,000 crore on its derivatives segment within two months of its launch.

The country’s newest bourse had launched derivatives trading on its benchmark index, SX40, on May 15.

Turnover of derivatives on the MCX-SX’s SX40, according to the information available with the bourse, has reached to Rs 1,163 crore on Friday.

According to an analysis, SX40 volumes have witnessed a strong and steady growth in its futures and options (F&O) segment since live trading begun on May 15, crossing the Rs 500-crore mark within less than a month on June 5 and Rs 700 crore on June 7, followed by Rs 1,000 on June 28. Earlier this month, MCX-SX had announced that the equity and equity derivatives segment turnover had touched Rs 1,000 crore.

The exchange had begun live trading in equities and equity derivatives from February 11. It had started listing services in May.

MCX-SX is the third full-fledged equity bourse after the BSE and the National Stock Exchange. During the past year, SX40 has given 8.31 per cent return to investors, followed by the BSE Sensex’s 8.23 per cent and the NSE Nifty’s 7.31 per cent.