ICICI Securities: Derivatives Hit New Highs While Cash, Commodity Moderates In October
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ICICI Securities Report
In October 2020, cash volumes continued momentum for National Stock Exchange (average daily trading volume grew 39% YoY), while Bombay Stock Exchange saw moderation.
Cash volumes have cooled from the record highs for both the exchanges (NSE and BSE cash ADTV for the month of August / September / October 2020 was Rs 610 / 556 / 523 billion and Rs 44 / 32 / 28 billion respectively).
NSE derivatives ADTV grew robust 79% YoY and has been inching higher. (August /September / October 2020 ADTV was Rs 19 / 22 / 26 billion).
Multi Commodity Exchange of India Ltd.’s commodity ADTV (ex-crude) was up 70% YoY.
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