BSE Set To Be Global Player

Mumbai: The 150-year-old BSE invested nearly Rs500 crore in the last 15 months to upgrade its infrastructure, including technological advancements, and is prepared to be a global player, Managing Director and Chief Executive Officer Sundararaman Ramamurthy said. Recently he participated in the Futures Industry Association (FIA) Asia conference in Singapore. BSE has regained its stature as one of the leading bourses in the country and stands ready to be a global player as foreign investors continue to trade in the multi-trillion-dollar Indian equity market. He pointed out that the fast-expanding Indian economy needs an equally fast-paced equity market such as those in London, New York, and Frankfurt.

To meet this growing global and domestic demand, the BSE has invested nearly Rs500 crore on physical and technology infrastructure and is poised for accommodating international-level needs of the market.

BSE processes 12 billion orders per day today, compared with just about 100 million in 2022. Ramamurthy, who was appointed BSE MD & CEO on January 4, 2023 with a task to rebuild the exchange, has overseen multi-fold growth in the exchange numbers since taking charge. Facing keen competition for volumes from the multiple exchanges in the country, BSE had to be rejuvenated from a meagre volume of 5 per cent of the total equity market and without any equity derivative product of significance despite the segment being present in the country since 2000, Ramamurthy said.