December 03, 2009

NSE’S NEWS UPDATE

Record in Index Options and Total F&O Turnover

On 26 November 2009, NSE recorded highest turnover in Index Options & Total F&O Trade Value as Rs. 687710.50 million and Rs. 1371303.80 million respectively over previous record of Rs. 555385.90 million and 1216141.30 respectively

Currency Derivatives Segment

On November 27, 2009, The National Stock Exchange of India clocked a record turnover of 2.26 million contracts in the USDINR futures contract with a traded value of over USD 2.26 billion.

Mutual Fund Service System (MFSS)

MFSS is a fully electronic order collection system for the Mutual fund industry offered by NSE. Fund houses who wish to offer their open ended schemes can sign up with the Exchange. This would immediately provide the fund houses the benefit of more than 150000 exchange terminals which can act as their point of sale. The facility was launched on November 30, 2009 and within few days 5 of the large fund houses have already joined the facility and many more are in the pipeline to go live very soon. This is a path breaking venture initiated by the Exchange for the mutual fund industry.