NSE's market share improves in first half of FY17

It has virtual monopoly in high volume derivatives segment, while BSE had around 14 per cent market share in cash segment in 1HFY17

The National Stock Exchange of India (NSE), the country's largest stock exchange, has reported further improvement in market share in the first half of 2016-17 (H1FY17). The bourse's market share in the derivatives segment increased to 99 per cent, compared to 93 per cent at the end of FY16. NSE also consolidated its lead in the cash segment, registering a market share of 86 per cent, up from 85 per cent in 2015-16.

"NSE has yet again demonstrated unmatched performance in all segments of capital market. By virtue of investors' continuous support, its market share has increased to a record level during the first six months of FY17," the exchange said.

NSE has a virtual monopoly in the high volume derivatives segment, while BSE had around 14 per cent share in the cash segment in H1FY17.

NSE, in a release said, the total traded volume in the cash and derivatives segments stood at Rs 24.2 lakh crore and Rs 417.8 lakh crore, respectively, during the April to September 2016 period.

In the currency derivatives segment (CDS) and interest rate futures (IRF), NSE had a market share of 56 per cent and 67 per cent, respectively. CDS and IRF platforms have registered trade volumes of around Rs 24 lakh crore and Rs 1.32 lakh crore respectively.