The Bombay Stock Exchange has been seeing significant increase in its market share in trading of equity, currency and equity derivatives this financial year. Ashishkumar Chauhan, Managing Director & CEO of BSE, told BusinessLine here on Friday that since April 10, when it upgraded its technology, it became 50 times faster.

“This caused steady increase in market share. There has been marked improvement in currency derivatives market share, which now stands at 30 per cent from 20 per cent in 2013. In equity derivatives, we have acquired a 30 per cent plus market share,” he said.

In equities trading, BSE could push its market share by 3 percentage points to 18 per cent.

He felt that with the stock market getting matured, the tilt towards day-trading was gradually getting balanced out in favour of price discovery and capital formation. “We are moving towards a more orderly framework,” he observed.

“Consider the ₹7,312-crore market capitalisation of 63 stocks of SME companies, which was on an average three times their face value. This kind of capital formation has not been taking place earlier,” Chauhan said.

Stock markets in India, like their counterparts elsewhere, are seeing consolidation and specialisation. He felt the exit of regional stock exchanges was a natural process in the changing environment in the market places.

BSE, which has 5 per cent stake in the Calcutta Stock Exchange, felt the board of directors of the bourse was on the right course of action. “Eventually, it is likely to survive in the competitive environment and raising of the regulatory bars,” he hoped.

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