Bombay Stock Exchange (BSE) Increases Focus On ETFs As Volumes Surge
Exchange Traded Funds (ETF) have found a new fan – the Bombay Stock Exchange (BSE) is all set to increase its focus on these funds. CNBC-TV18′s Mrinalini Krishna reports that after losing the battle in the cash and derivatives segment, the Bombay Stock Exchange is now focusing on making ‘the exchange’ the place to be, for niche instruments. Exchange Traded Funds or ETFs are now the weapon of choice. With the NSE allowing the BSE to trade in NSE-listed ETFs, the BSE has seen volumes surge. This has been fuelled by some strong festive buying as well. Ashishkumar Chauhan, Deputy CEO, BSE said, “We have started trading many ETFs recently and we have seen tremendous growth over the last few days that we have traded. So we have a lot of hope on ETFs.”
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