Deep integration: People walk past the National Stock Exchange in Mumbai. Despite a steady decline over the past year, the bourse’s CEO tells analysts in a earnings call that the market share loss has run its course. — Reuters
MUMBAI: A rivalry between India’s major stock exchanges has entered a high-stakes phase, as they wrestle for control over the derivatives market with potential implications for everything from trading volumes to liquidity flows.
The National Stock Exchange (NSE) of India Ltd is trying to change the expiration for listed derivative contracts from Thursday to Tuesday, a day traditionally dominated by its smaller bourse BSE Ltd.
