There will be a substantial change or decline in derivatives volumes, especially index options, in the future, the NSE chief said on Tuesday.
Stopping weekly expiry of Bank Nifty will contribute the most to decline in overall options index volumes, Ashishkumar Chauhan said in an analyst call. However, he reiterated that only time will tell what the exact impact will be on overall F&O volumes.
According to a circular issued on October 10, the exchange will discontinue weekly index derivative contracts for Bank Nifty, Nifty Midcap Select and Nifty Financial Services, with effect from November 13, 18 and 19 respectively.
NSE POSITION
Chauhan said there was no prospect of NSE’s IPO yet and the stock exchange was yet to receive a “no-objection certificate” from market regulator SEBI in this regard.
NSE, along with other shareholders, will divest a substantial stake in NSDL through an initial public offering to meet a regulatory diktat, he added.
