The Indian exchanges are no longer a part of the top 10 exchanges by market capitalisation partly due to foreign exchange fluctuations. Their capitalisation fell nearly 38 per cent (in dollar terms). However, if local currency is taken into account, their market capitalisation fell by only 26 per cent, according to a report by World Federation of Exchanges (WFE).
Bovesapa replaces
The NSE which held the ninth position at $1,597 billion in market capitalisation at the end of 2010, has slipped out of the list of world top ten exchanges in 2011.
The Brazilian BM&FBovespa has taken the place of the NSE and the Australian Securities Exchange has taken the 10{+t}{+h} rank. The order of the other exchanges in top ten is the same, according to WFE data.
The total capitalisation of all the exchanges in the WFE has also reduced to $47,401 billion at the end of 2011 from $54,862 billion at the end of 2010.
Single stock futures too
In the Asia Pacific region, there has been a fall of nearly 15.9 per cent to $14,670 billion in market capitalisation of exchanges. In 2010, there had been an increase of nearly 20 per cent in market capitalisation over the previous year in the Asia Pacific region.
The NSE has also slipped to the third spot in terms of the number of single stock futures contracts traded in 2011 as compared with last year. In 2011, the number of contracts traded on the NSE was 161 million against the 175 million contracts traded in the previous year.
The exchange has maintained its position for the stock index options and futures contracts, according to WFE data.
In terms of total equity derivatives, the NSE had 1,221 million contracts traded, which is a growth of around 37 per cent over 2010 figures. NSE was at the third rank, preceded by Korea Exchange and EUREX, which held the first and second spots respectively.
Data on the NSE shows that the turnover of derivatives on the exchange increased from Rs 23,65.4 crore in 2000–2001 to Rs 2,92,48,221 crore in 2010–2011.
It reached Rs 1,57,58,592.5 crore in the first half of 2011–2012.