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Derivatives exchange of the year: BSE

Risk Asia Awards 2025

Sundararaman Ramamurthy, BSE
Sundararaman Ramamurthy, BSE

Three years ago, when India’s derivatives market was about to enter a period of explosive growth, the 150-year-old Bombay Stock Exchange (BSE) lacked a listed derivatives offering. Today, it stands as the world’s second-largest derivatives exchange in terms of contracts traded, thanks to the launch of its flagship equity index options products.

BSE’s success in growing its derivatives business in

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