BSE Q1 Review - Strong Business Momentum From Macro Tailwinds As Well As Executions: ICICI Securities
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ICICI Securities Report
BSE Ltd.'s Q1 FY22 transaction charges grew at robust pace of 93% led by strong growth in volumes.
Equity cash average daily turnover / revenue grew 52% / 179% on account of revision in transaction charges.
Interoperability aided improvement in cash market share for BSE.
Introduction of weekly options with Monday expiry has helped the exchange gain market share in equity derivatives segment.
Revenue from currency derivatives segment grew 8% QoQ.
BSE StAR MF platform transactions grew 90% while revenue declined 30% YoY due to lower realisations.
Commodity options clocked strong revenue growth; however, the exchange has abstained itself to charge in this segment.
Charging in this segment will be growth optionalities going forward.
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