India Now Has World’s Largest Derivatives Exchange by Volume
India’s National Stock Exchange has surpassed America’s CME Group Inc. to become the world’s largest derivatives bourse by volume.
Mumbai-based NSE traded the most contracts in the world last year, the exchange said in a statement, citing data from the Futures Industry Association. Volume on the Indian exchange grew 58% to about 6 billion derivative contracts in 2019, surpassing CME’s 4.83 billion, according to FIA’s website.
NSE added that the growth in volumes has come on the back of new investor registrations and as derivatives to cash market turnover ratio has consistently remained around 3 times. India’s stock market value of $2.2 trillion pales in comparison with the U.S.’s $35.5 trillion.