MCX-SX turnover in the cash segment last month crossed Rs 2,000 crore mark - a new high for the bourse which began equity trading earlier this year.

“The monthly turnover at MCX-SX increased manifold to Rs 2,135.3 crore in May, 2013 from Rs 33.4 crore registered in April, 2013,” Securities and Exchange Board of India (SEBI) said in its latest monthly report.

In the equity derivative segment as well, MCX-SX turnover nearly doubled to Rs 11,054 crore in May compared to April.

The number of derivative contracts on MCX-SX has increased to 3.97 lakh in May from 2.49 lakh in April this year.

While SEBI’s monthly report has captured data till May-end only, the exchange data shows that the MCX-SX’s benchmark index SX40 reached a record derivative contract turnover of Rs 1,162.82 crore on June 28.

SX40 volumes have witnessed a strong and steady growth in its Futures and Options (F&O) segment since live trading began on May 15, crossing the Rs 500 crore mark within less than a month on June 5 and Rs 700 crore on June 7, followed by Rs 1,000 on June 28, 2013.

However, MCX-SX which had begun live trading in equities in February, continues to lag behind its larger and older rivals - NSE and BSE - in terms of cash and derivative market turnovers.

For May, the monthly turnover of NSE in the cash segment stood at Rs 2.44 lakh crore, while its turnover from derivative trading amounted to Rs 35.03 lakh crore.

BSE’s monthly turnover in cash and derivative segment stood at Rs 49,996 crore and Rs 6.26 lakh crore, respectively.

SEBI also said the market valuation of the firms allowed to trade on MCX-SX platform marginally increased to Rs 64.85 lakh crore as on May 31, 2013.

The market capitalisation of NSE and BSE stood at Rs 65.18 lakh crore and Rs 66.78 lakh crore, respectively.

City-wise data showed that financial hub, Mumbai represented the maximum share (48.2 per cent) in MCX-SX’s turnover in cash segment closely followed by Delhi with a share of 47 per cent.

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