August 31, 2009
Press Release no. 1
Interest Rate Futures
Trading
in 'Interest Rate Futures' on National Stock Exchange of India was inaugurated
today by Shri Ashok Chawla, Finance Secretary, Ministry of Finance Government
of India in the esteemed presence of Shri. C B Bhave, Chairman, SEBI and Smt.
Shyamala Gopinath, Deputy Governor, RBI.
Interest
Rate Futures on NSE are based on a Notional 10 year GOI bond, bearing a
notional 7% interest rate coupon payable half yearly. The tradable lot size is
Rs 2 lacs (multiplier of 2000).
Market
participants’ responded enthusiastically to the product launch. In around 5
hours of trading time available after inauguration, 1475 trades were recorded
resulting in 14559 contracts being traded at a total value of Rs 267.31 crores.
Out of the two quarterly contracts available for trading, December 2009 was the
most active with 13789 contracts being traded. The bid-ask spread was observed
to be around one tick i.e. quarter paisa most of the time.
638
members have registered for this new product out of which 21 are banks. Trading
activity was observed from all parts of the country. The first trade in this
product executed by a trading member was by East India Securities Ltd and by Banks
was by Standard Chartered Bank. The contribution by Banks in the total gross
volume was 32.48%. Amongst banks, Union Bank of
Press Release no. 2
NSE completes its 2378th
The Exchange has successfully
completed its 2378th
Normal Settlement (Rolling T+2 following SEBI
directive) since inception i.e., Settlement Number N – 2009160 on August 31,
2009. The settlement statistics are as follows:
Particulars
|
Values
|
|
|
N-2009160
|
|
Total traded quantity (lakhs) |
10984.63 |
|
Total traded value (Rs. In Crores) |
20749.37 |
|
Total value of the settlement (Securities) (Rs. In Crores) |
5000.32 |
|
Total value of the settlement (Funds) (Rs. In Crores) |
1035.09 |
Shortages for the settlement
|
0.15% |
|
% of Delivery ( No. of shares
deliverable / No. of shares traded ) |
25.31% |
Retail Debt Market has completed its 1652nd settlement,
details of which are as follows:
|
Settlement No. |
Traded Value |
Settlement Value |
|
|
|
|
Securities |
Funds |
|
D- 2009160 |
NIL |
NIL |
NIL |