NSE:BSE management interview: Derivatives Market Share & CAS Price Discovery Plan: BSE MD & CEO Sundararaman Ramamurthy
Zee Business, 2026-09-02. Video: https://www.youtube.com/watch?v=nEuTDFmtrPc
- Derivatives segment growth: BSE is focusing on deepening market participation rather than chasing cash-market share, engaging over 600 brokers and 650 FPIs while expanding the premium-to-notional ratio from 8 to 12 basis points across weekly and monthly contracts.
- Market liquidity mechanisms: To address low participation and price volatility in Closing Auction Sessions (CAS), BSE is advocating for best-price execution, a common order tape, and urging brokers to comply with enabling single-KYC clients across both exchanges.
- Exchange self-listing rules: Management reiterated that self-listing is legally prohibited and cautioned that allowing an exchange to trade its own shares under permitted categories requires strict regulatory guardrails to avoid violating the spirit of the law.
- Financial diversification strategy: To balance shareholder EBITDA responsibilities with public obligations amid fluctuating trading volumes, BSE is pursuing product diversification within permitted activities and reaching out to untapped domestic investors.