NSE world’s ninth largest derivatives exchange

Besides, two other derivatives bourses from India—MCX (28th place) and NCDEX (30th—-retained their places in the top 50 in rankings based on trading volume for 2007.

According to the FIA report, following this, the share of Asia-Pacific in global exchange-traded derivatives volumes stood the second highest at 27.57per cent, while the top position was retained by North America at 40.41per cent European derivatives exchanges came in third with a 22.09 per cent share.

FIA said the market was no longer concentrated in North American and European centres. China, though still largely closed to foreign participants, has become a huge force in agricultural and metals futures trading, while the NSE continues to move up the list, it noted.

Vineet Bhatnagar, MD, MFGlobal Sify Securities, said, “The signs of a growing derivatives market are an indicator of that. This is possible only because Indian markets have received all-round participation, including from hedgers, arbitrageurs and directional traders both private and institutional groups.”