Mumbai: Leading bourse BSE on Thursday said its high-speed Plus platform has seen over 1 billion derivative contracts being traded since it began operations in November 2013.
The BSE had upgraded its technology platform in November 2013 to BOLT Plus, which is based on the Deutsche Bourse's T7 trading architecture and is currently the fastest trading platform in the country.
"The cumulative volume of the exchange's derivatives markets surpassed 1 billion contracts since launch of the BOLT Plus platform," the BSE said in a statement.
Asia's oldest bourse launched its currency derivatives segment on the BOLT Plus platform on November 29, 2013 and had migrated its equity derivatives segment to the platform on February 8, 2014, while equity trading began on April 7, 2014.
For the January-April 2015 period, the combined average daily volume in equity and currency derivatives exceeded 3.28 million contracts, the statement added.
With 84.59 million traded contracts in the first four months of 2015, BSE has been ranked first in the world by the World Federation of Exchanges (WFE) in terms of the number of currency options contracts traded, the exchange said.
One of the key features of the system is its response time of about 200 micro-seconds and a throughput capacity of 5 lakh orders per second, making BOLT Plus faster than any other exchange in the country by at least 10 times.
"Our strategic partnership with the German exchange Deutsche Bourse, including the integration of their T7 technology into the BOLT Plus platform, has given a new trading experience to BSE members with sub-200 microsecond latency and high throughput," BSE managing director and chief executive Ashish Kumar Chauhan said.
Over 900 brokers with more than 1,00,000 branches and millions of retail investors are on the BOLT Plus system.
By aligning the BOLT Plus with the German derivative bourse Eurex Exchange and the International Securities Exchange on a common trading infrastructure, BSE could trim its IT cost significantly," the exchange noted.
