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The National Stock Exchange (NSE) has maintained its slot as the world’s largest bourse in terms of volumes in the equity segment for the first quarter of 2013, while two bourses from China have replaced NYSE and Nasdaq of the US at second and third ranks, respectively.
NSE logged in a total of 366 mn trades in the equity segment, during January-March 2013, according to the latest data compiled by the World Federation of Exchanges (WFE).
However, NSE showed a month-on-month decline in terms of the number of equity trades. From 138 mn in January, the number of trades dipped to 116 mn in February and fell further to 11 crore in March.
The Bombay Stock Exchange (BSE), placed at the seventh spot has recorded a total of 77 mn equity trades in January-March 2013. However, like NSE, monthly equity trades on BSE fell to two crore in March from three crore in January.
While the total number of listed companies is much larger in case of the BSE, the exchange lags NSE significantly in terms of volume and value of trades.
NSE is followed by China’s Shenzhen SE and Shanghai SE in the second and third positions, respectively, with nearly 300 mn equity trades each. Chinese bourses have replaced the US-based stock exchanges — NYSE Euronext (US) and Nasdaq OMX. In January-March quarter 2012, NYSE Euronext held the second rank but has now slipped two spots to 4th rank, in the same period this year.
