• Derivatives participation growth: BSE expanded its active equity derivatives members from 446 to approximately 587–590 and increased FPI participants from 100 to 520, driving a fivefold rise in monthly contract volumes.
• Product diversification strategy: To reduce concentration in options—which generate roughly 72% of revenue—BSE is expanding Bankex, futures, and monthly options, having already lowered expiry-day volume concentration from around 90% to under 40%.
• Longer-dated options push: Management is actively seeking institutional participation to build liquidity out to one-year contracts and has submitted recommendations to regulators to reform margining structures that currently penalize longer-term positions.
• Star MF expansion: Star MF grew 13% quarter-on-quarter, with management highlighting massive long-term growth headroom as the domestic investor base expands beyond India's current 6 crore unique folios.