Sesa Goa-Cairn deal boosts BSE volume

Our Bureau Mumbai | Updated on November 12, 2017 Published on April 19, 2011

The large bulk deals in shares of Cairn India saw cash volumes on the BSE exceed that on NSE.

BSE's record turnover, the highest in eight years, according to the exchange, made for a market share of 54 per cent in the cash market. Traditionally its market share (cash) has been 21-22 per cent.

Of the record turnover of Rs 12,832 crore, the bulk deals in Cairn India shares accounted for Rs 9,919 crore. BSE's turnover in the cash segment had been Rs 3,391 crore on Monday.

The turnover on the BSE since January this year has been in Rs 2,800-4,000 crore range.BSE has been taking several initiatives for increasing transactions on the exchange, said a spokesperson for the exchange. It has introduced features such as mobile trading, new BOLT trading terminal features, fast cast, e-cast (allowing greater visibility on depth of market) and pre-open trading in common scrips and in scrips listed only on the BSE.

Implementation of faster processing systems has led to an increased response time of less than 10 milliseconds from the earlier speed of 200 ms, said the spokesperson. Their recent smart order routing has fetched significant action, getting approvals in place for 12 members, he said. Last year saw the order-trade ratio going up from 5:1 to 19:1. Capacities have also seen an increase from 1,000 orders a second to 20,000 orders a second. However, including both the cash and derivatives segments, NSE still had a 91 per cent market share on Tuesday.

Published on April 19, 2011
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