NSE world's 2nd largest bourse in stock futures

NSE world's 2nd largest bourse in  stock futures

The National Stock Exchange emerged as the world’s second-largest bourse in terms of turnover in trading of index as well as stock futures, according to latest data.

Index and stock futures are generally contracts based on a particular stock or index.

NSE has been ranked second in trading turnover for index futures for the month of June, just behind European bourse Eurex, according to market regulator Sebi’s July bulletin.

Sebi has cited data from the World Federation of Exchanges (WEF).

In the index futures, the domestic exchange’s turnover skyrocketed more than six times to $351.65 billion in June from $47.36 billion in May.

On the stock futures front, too, NSE cornered the second position in June with a turnover of $54.58 billion.

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