Indian Exchanges - Equity Derivatives Continue To Grow; MCX Options Show Traction: ICICI Securities
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ICICI Securities Report
Exchange volumes in August 2021 declined sequentially for the commodity segment while equity derivatives grew 6% and cash segment remained flat.
Cash average daily turnover value for NSE remained flat month-on-month while that for BSE Ltd. declined 6% month-on-month.
NSE equity derivatives’ ADTV was up 7% month-on-month driven by both futures and options’ notional turnover while BSE ADTV growth remained flat on month-on-month basis in August 2021.
Mutual fund transactions grew 6.6% / 4% month-on-month for BSE / NSE.
In currency derivatives, NSE reported a decline of 18.5% month-on-month while BSE reported growth of 0.4% month-on-month in August-21.
Multi Commodity Exchange of India Ltd. ADTV stood at Rs 250 billion in Aug-21 versus Rs 271 billion in July-21.
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