Q2 Results: Here’s Why BSE’s Loss Widened In Second Quarter
Interoperability is helping BSE, MD and CEO Ashishkumar Chauhan said.
BSE Ltd. losses widened in the quarter ended September as volumes of small- and mid-sized stocks dropped and transaction charges fell.
“In the BSE’s case, the small stock market has not been doing well, which is what the bourse primarily focuses on,” Managing Director and Chief Executive Officer Ashishkumar Chauhan said, adding 80-90 percent of small stock volumes has been lost. “Because of this, BSE’s transactions charges also went down by 80-90 percent.”
But interoperability, an option that allows market participants to trade across exchanges at lower overall costs, is helping the company, Chauhan said. “Delivery-based derivatives are now going to change the picture to some extent. So, we are working hard to ensure that derivatives in equities come back to the BSE.”
Watch | BSE’s Ashishkumar Chauhan on the company’s second-quarter performance and more...