In September 2024, the National Stock Exchange of India (NSE) solidified its position in the global stock options market, ranking third with an impressive 15.2 crore contracts traded—marking a 7.8% month-on-month growth. This performance comes against the backdrop of ongoing geopolitical challenges. Iran Fara Bourse Securities Exchange claimed the top spot with 28.4 crore contracts, while Nasdaq secured second place with 17.9 crore contracts. Notably, Tehran Stock Exchange exhibited a 24.5% month-on-month surge, trading 14.3 crore contracts, while NYSE, MIAX Exchange Group, and ISE reported declines.
In the stock futures segment, NSE held fourth place globally, trading 4.2 crore contracts in September, although this was a slight 0.5% dip from the previous month. Brazil’s B3, Turkey’s Borsa Istanbul, and Korea Exchange took the top three positions, with Borsa Istanbul showing a modest growth of 1.3% month-on-month. Despite the lower monthly performance, NSE and PSE (Philippine Stock Exchange) posted notable year-over-year gains in 2024, with growth rates of 71.8% and 95.9%, respectively.
NSE's dominance truly shines in the index options segment, where it leads the global market by a large margin. The exchange traded a staggering 1,183.3 crore contracts in September, up 0.4% from August and capturing a commanding 98% market share. CBOE Global Markets followed in a distant second with 9.7 crore contracts. Among other exchanges in the top ten, China Financial Futures Exchange and Hong Kong Exchanges and Clearing saw notable month-on-month growth, at 38.3% and 37.8% respectively. In contrast, Korea Exchange, CME Group (NASDAQ:CME), Deutsche Boerse (ETR:DB1Gn) AG, Taiwan Futures Exchange, and Japan Exchange Group saw decreases in trading volumes.
The data also underscores NSE’s consistent growth momentum in the index options segment for 2024, with a remarkable 74.3% year-over-year increase and a cumulative 9,298.3 crore contracts traded in the first nine months of the year. This sustained growth reflects NSE’s ability to capture investor confidence and its resilience amidst a fiercely competitive international landscape.
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