• Market cap growth: BSE’s market capitalization surged from ₹5,000 crore to ₹1.5 lakh crore, leading to its inclusion in the Nifty index, driven by efforts to reduce market concentration risk across infrastructure and product offerings.
• Derivatives market deepening: The exchange expanded its derivatives ecosystem to over 600 brokers and 650 FPIs, increasing Premium by Notional (P/N) from 8 to 12 basis points while diversifying beyond expiry days with BANKEX, IT, and upcoming MSCI-linked products.
• Closing auction improvements: To boost subdued proprietary, retail, and HFT participation in the Call Auction Session (CAS), BSE is engaging market participants and proposing solutions such as a common order book screen and best price execution to align closing prices across exchanges.
• Cross-exchange enablement: BSE has urged the top 100 brokers to comply with regulatory mandates allowing KYC-cleared clients to trade seamlessly across exchanges, which would enhance liquidity and ensure readiness for potential listings like NSE's IPO.
• Exchange self-listing view: Management highlighted that regulations strictly prohibit self-listing, cautioning that permitting an exchange to trade its own shares as permitted securities without strict regulatory guardrails could contravene the spirit of the law.