The National Stock Exchange (NSE) has maintained its prominence in global derivatives trading, demonstrating notable performance across multiple segments in October 2024. While some areas showcased steady growth, others reaffirmed NSE’s dominance, particularly in the index options category.
Stock Options: A Steady Third Spot
NSE secured the third position in the stock options segment, trading 15.3 crore contracts, reflecting a modest 0.7% growth month-on-month (MoM). Leading the pack was Nasdaq, trading 18.9 crore contracts (+22.8% MoM), followed by TSE with 16.3 crore contracts (+13.8% MoM). Among the top ten exchanges, all except DBAG, which saw a decline of 15.9%, experienced positive momentum. Notable gainers included CBOE (+22.7% MoM), MIAX (+30.8% MoM), and ISE (+22.2% MoM).
Climbing Higher in Stock Futures
In the stock futures segment, NSE rose to third place, trading 4.3 crore contracts (+1.9% MoM). BIST and KRX retained the top two positions, with 15.2 crore (+9.8% MoM) and 13.5 crore (+9.0% MoM) contracts, respectively. Cumulatively, NSE has recorded a remarkable 72.4% year-on-year (YoY) growth in stock futures trading over the first ten months of 2024, outperforming most of its global peers, except for PSE, which led with 89.9% YoY growth.
Dominance in Index Options
The index options segment remained NSE’s crown jewel, where it continued its global dominance. The exchange traded a staggering 1273.7 crore contracts (+7.6% MoM), commanding a massive 98.2% market share. CBOE followed distantly with 9.1 crore contracts (+10.7% MoM), and KRX stood third with 5 crore contracts (-5.1% MoM). HKEX emerged as a standout performer, registering 14.8% MoM growth to trade 0.4 crore contracts.
Index Futures: Consistency in the Top Ten
NSE held its eighth position in the index futures segment, trading 1.1 crore contracts (+8.4% MoM). The CME Group (NASDAQ:CME) led the segment with 10.2 crore contracts but saw a decline of 11.9% MoM. JPX and DBAG took second and third places, with sharp declines of 19.8% and 41.6% MoM, respectively. However, SGX (+25.1% MoM) and HKEX (+37.7% MoM) displayed robust growth, taking fourth and fifth spots.
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