DERIVATIVE EXCHANGES

Samikshya Bhandari (19304)

Rohit Shah (13327)
Ronjent Thapa (19337)
Australian Securities Exchanges
(ASX)
Introduction
● Australia's primary securities exchange
● Formed April 1, 1987
● Merged with the Sydney Futures Exchange in 2006.
● Average daily turnover of A$4.685 billion
● Market capitalisation of around A$1.9 trillion
Products
1. Shares
2. Bond
3. Hybrid Securities
4. Managed Funds
5. Warrants
6. Options
7. Index Derivatives
8. Interest rate derivatives
9. Grains derivatives
10. Energy Derivatives
11. Market Making Arrangements
Trading Volume
Participants
● Energy
● Transportation
● Diversified Financials
● Consumer Services
● Retailing
● Media and Entertainment
● Real Estate
● Software and Services
● Health Care
● Automobile
● Banks
Types of Contracts
● Interest Rate Futures and Options
● Equity Futures and Options
● Agricultural Futures and Options
● Energy Futures and Options
Listing Process
Step 1: Appointment of advisors

Step 2: Preparatory Work

Step 3: Institutional marketing program commences

Step 4: Lodge Prospectus with ASIC

Step 5: Processing of listing application

Step 6: Marketing and offer period

Step 7: Closing the offer, shares allocated and trading commences

Regulatory Authority

Independent Australian Government Agencies

● Australian Securities and Investments Commission(ASIC )

● Reserve Bank of Australia (RBA)
New York Mercantile Exchange
(NYMEX)
Introduction
● Started in 1872
● World’s largest physical commodity futures exchange
● A part of CME group of exchanges
● CME - one of the largest future exchanges in the world
● NYMEX is comprised of two divisions:
○ New york mercantile exchange - for trading of energy products
○ Commodities exchange Inc (COMEX) - for trading of metals
● Average daily national Volume (USD):
○ Energy: 60.6 Billion
○ Metals: 95.8 Billion
● Trading on Globex trading platform is conducted 24 hours, 6 days a week
Products
1. Crude oil
2. Coal
3. Gasoline
4. Uranium
5. Natural gas
6. Platinum
7. Copper
8. Gold
9. Silver
10. Aluminium
11. Palladium
12. Heating oil
Trade Volume (As of Aug 11,2020)

Trade Volume (Options) Volume

Energy 154,696

Metals 138,328

Trade Volume (Futures)

Energy 1,791,288

Metals 1,522,769

Trade Volume (Division)

NYMEX 1,970,841

COMEX 1,636,236
Regulations
● NYMEX is regulated by the commodity futures trading commission (CFTC)
● CFTC - Independent agency of US government for promotion of competitive and
efficient future markets and protection of investors.
● CME group’s market regulation department also conducts trade, position, account
and market surveillance.
BOMBAY STOCK EXCHANGE (BSE)
Introduction
● Established in 1875

● Asia’s first and fastest exchange in the world.

● BSE has launched India INX, India's 1st international exchange, located at GIFT CITY IFSC in

Ahmedabad.

● BSE's popular equity index - the S&P BSE SENSEX - is India's most widely tracked stock market

benchmark index.

● BSE has, for the guidance and benefit of the investors, classified the stocks into various groups.

● First in India and second in the world to obtain ISO 9001:2000 certification, BOLT system.

● Trading on the BOLT System is conducted from Monday to Friday between 9:15 a.m. and 3:30 p.m
Products
1.Cash Market (Equities)
2.Indices
3.Mutual funds
4.Exchange traded fund
5.Initial public offerings
6.Offer for sale
7.Institutional placement program
8.Security lending and borrowing scheme
9.Sovereign gold bonds scheme
10.Derivatives
11.Corporate bonds
Trade Volume
●In year 2020/2021 the total amount of trade for different group of stock in 90 days was 341540.52

crores.(INR).

●BSE star MF is India’s largest online mutual fund platform which process over 27 lakh transactions per

month and adds almost 2 lakh new SIPs every month.

●BSE Bond, the transparent and efficient electronic book mechanism process for private placement of debt

securities, is the market leader with more than Rs 2.09 lakh crore of fund raising from 530 issuances. (F.Y.

2017-2018).

●Stocks of group A covers more than 80% of trade volume.

Market summary as on 12 August 2020
Trading highlights as on August 12 2020
Governing Bodies
●Security and exchange board of India (SEBI)

●Department of Economic Affairs (DEA)

●Department of company affairs (DCA)

●Reserve Bank of India (RBI)

●Securities Appellate Tribunal (SAT)