FX Volumes in India Spike on the Back of Positive News – BSE Takes Lion Share of Activity
Friday,09/01/2015|20:48GMTby
Adil Siddiqui
India’s most recent entrant into the growing currency derivatives segment has defied its peers by seeing volumes surge. The Bombay Stock Exchange reported record daily volumes in its FX products, crossing $3.6 billion.
Traders in one of Asia’s leading economies, India, favoured news that overseas investment was going to be pumped into the BRICS nation and support economic growth and stability, thus impacting the domestic currency. Data issued by the country’s three exchanges show that volumes spiked in its currency segment on the 9th of January, with the BSE seeing an all-time high in daily volumes.
The rupee traded at a four-week high with news of investment re-entering the county. The BSE saw an average of $3.6 billion in FX volumes, taking over 50% of market share. The rival, the NSE, saw volumes reach $3.2 billion with troubled player, MCX, only taking $300 million with 5% share.
A statement from the BSE reported: “This is the highest currency derivatives turnover recorded by any Exchange in the country so far.
The success in the currency derivatives segment can be attributed to the new trading technology at BSE which offers a response time of 200 microseconds.”
The BSE has been outperforming its peers with technological advancements and its historic presence as one of Asia’s most established exchanges gives it precedence as India’s FX trading environment witnesses a two-horse battle with the BSE and NSE. Former giant, MCX, has been suffering on the back of dilemmas and scandals and traders have been shying away from the once vibrant and vocal venue.
India introduced currency futures in 2008 with the NSE and MCX offering the product. In early 2014, after the emergence of the BSE, four exchanges offered traders access to the rupee.
Trading volumes in currency derivatives peaked at $5-6 billion in average daily volumes during the plight of the post-recession period. A recent economic slump saw the rupee hit a record low against the greenback and thus impacting trading volumes dropping below $2 billion a day across the board.
The BSE has been enhancing its technology to cater to the growing number of automated and algorithmic traders in India; it went live with BOLT PLUS, a low latency specific platform offered by German trading venue, Deutsch Boerse. The new platform enables the BSE to handle 500,000 order messages per second.
Traders in one of Asia’s leading economies, India, favoured news that overseas investment was going to be pumped into the BRICS nation and support economic growth and stability, thus impacting the domestic currency. Data issued by the country’s three exchanges show that volumes spiked in its currency segment on the 9th of January, with the BSE seeing an all-time high in daily volumes.
The rupee traded at a four-week high with news of investment re-entering the county. The BSE saw an average of $3.6 billion in FX volumes, taking over 50% of market share. The rival, the NSE, saw volumes reach $3.2 billion with troubled player, MCX, only taking $300 million with 5% share.
A statement from the BSE reported: “This is the highest currency derivatives turnover recorded by any Exchange in the country so far.
The success in the currency derivatives segment can be attributed to the new trading technology at BSE which offers a response time of 200 microseconds.”
The BSE has been outperforming its peers with technological advancements and its historic presence as one of Asia’s most established exchanges gives it precedence as India’s FX trading environment witnesses a two-horse battle with the BSE and NSE. Former giant, MCX, has been suffering on the back of dilemmas and scandals and traders have been shying away from the once vibrant and vocal venue.
India introduced currency futures in 2008 with the NSE and MCX offering the product. In early 2014, after the emergence of the BSE, four exchanges offered traders access to the rupee.
Trading volumes in currency derivatives peaked at $5-6 billion in average daily volumes during the plight of the post-recession period. A recent economic slump saw the rupee hit a record low against the greenback and thus impacting trading volumes dropping below $2 billion a day across the board.
The BSE has been enhancing its technology to cater to the growing number of automated and algorithmic traders in India; it went live with BOLT PLUS, a low latency specific platform offered by German trading venue, Deutsch Boerse. The new platform enables the BSE to handle 500,000 order messages per second.
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Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
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- First-hand account of how global brokers balance consistency and local flavour
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#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
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As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
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-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
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#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
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Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
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When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
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Speakers:
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
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As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
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-Jack Crone, PR & Public Affairs Lead at IG
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#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
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