Three Indian bourses — NSE, MCX and BSE — have made it to the world’s top 20 derivative exchanges, ahead of their peers in global financial centres such as London, Singapore and Hong Kong.

While the list is topped by the CME Group, as per a list compiled by the Futures Industry Association (FIA) for trading volumes between January and June 2012, the National Stock Exchange is ranked fifth.

Among other Indian bourses, MCX is ranked at 10th and BSE at the 18th position.

After the CME Group, Korea Exchange is ranked second, Eurex at third and NYSE Euronext at fourth.

As per FIA data, the NSE recorded a decline of 7.2 per cent to 971.8 million contracts in the derivative segment during the period under review. MCX saw its volume dip by 13.8 per cent to 489.3 million, while the BSE recorded a sharp rally to 97.4 million contracts after its renewed focus on derivatives trading in recent months.

Largest F&O exchange

The CME Group topped as the largest F&O exchange but recorded a decline of nearly 9 per cent with 1.55 billion derivative volumes. The second spot was taken by Korea Exchange, which witnessed a slump of 34.4 per cent at 1.39 billion contracts. The two were followed by Eurex and NYSE Euronext with 1.26 billion and 1.02 billion contracts been traded during the first six months, respectively. The exchanges ranked below the three Indian bourses in the top 20 were: JSE South Africa at 19th and the London Metal Exchange at the 20th place.

Those ranked below the 20th position included Hong Kong Exchanges and Clearing (23rd), London Stock Exchange (24th), China Financial Futures Exchange (25th), Singapore Exchange (26th) and Tokyo Financial Exchange (27th).


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