Tag: Mr. Vikram Limaye

Business

NSE Academy partners with Association for Financial Professionals for Finance, Treasury Education in India

Aug 25, 2021 by Rekha Nair 0 Comments #Association for Financial Professionals (AFP), #Managing Director of APAC, #MD & CEO, #Mr. Vikram Limaye, #Ms. Himashi Soriano, #NSE

The NSE Academy Limited (NAL), a wholly-owned subsidiary of the National Stock Exchange (NSE), and the Association for Financial Professionals (AFP), have announced a formal partnership to provide AFP education and resources on the NSE Knowledge Hub, a unique artificial intelligence (AI) powered-learning experience platform specially created for financial learning. This partnership will allow financial practitioners in India to have access to the most relevant corporate treasury, financial planning and analysis content.

By working together, AFP and the NSE Academy are helping treasury and finance professionals in India become a part of the growing learning community and gain specialized knowledge from global leaders in their field. The NSE Knowledge Hub uses the power of AI to ensure content is tailored to individual areas of interests and goals and builds future-ready skills that have a positive business impact and career outcomes.

Ms. Himashi Soriano, Managing Director of APAC, Association for Financial Professionals (AFP) said: “This collaboration with the NSE Academy will add to AFP’s strong presence by building next-generation talent for the financial industry in India. By providing curated, insightful content to the NSE Knowledge Hub, AFP will be an asset for finance practitioners throughout their professional career.”

Mr. Vikram Limaye, MD & CEO NSE said: “NSE has always been at the forefront of driving innovation in the Indian BFSI sector. NSE Academy plays an integral role in developing competitive skillsets for finance professionals, along with regular upskilling required for the talent pool to be future-ready. This partnership with AFP brings unique globally accredited learning resources, fueled by the power of AI, to benefit the FP&A and Treasury practitioners in India. This will enable the professionals to be further equipped to meet the ever- growing demands of the dynamic market.”

Business World, News

NSE is the world’s largest derivatives exchange for 2nd consecutive year

Jan 23, 2021 by Rekha Nair 0 Comments #MD & CEO, #Mr. Vikram Limaye, #NSE

Mumbai: National Stock Exchange of India Ltd. (NSE) has emerged as the world’s largest derivatives exchange in 2020 by number of contracts traded based on the statistics maintained by Futures Industry Association (FIA), a derivatives trade body. NSE is ranked 4th in the world in the cash equities by number of trades as per the statistics maintained by the World Federation of Exchanges (WFE) for calendar year 2020.

NSE has been focused on building robust markets for all asset classes. The exchange has launched a host of new products and services in 2020. In the capital market segment, NSE has listed T-bills (Treasury Bills) and SDLs (State Development Loans) facilitating investors to transact in these securities, in addition to the existing dated Government Securities (G-sec) available for trading. In the debt segment, the Exchange launched the Request for Quote Platform for execution and settlement of trades in debt securities.

On the derivatives side, the exchange launched weekly futures and options contracts on the EURINR, GBPINR and JPYINR pair. In the commodity derivatives segment, the exchange launched its first commodity options contract on Gold, followed by Silver. The exchange also made its foray in agricultural commodities with a futures contract on Crude Degummed Soybean Oil (CDSO).

Commenting on the occasion, Mr. Vikram Limaye, MD & CEO, NSE said: “The Coronavirus (COVID 19) pandemic is an unprecedented global situation that all countries are dealing with in terms of its human and economic consequences. The Government of India, various agencies and the frontline workforce have put in commendable efforts to combat the spread of the virus. It is indeed a matter of great pride for us and for our country that NSE has emerged as a global leader and achieved the distinction of being the largest derivatives exchange in the world for the 2nd consecutive year and the 4th largest exchange in cash equities by number of trades.”

“We are truly grateful to the Government of India, Securities & Exchange Board of India (SEBI), Reserve Bank of India (RBI), trading members, market participants and all our stakeholders for the support extended to us over the years. Our achievements would not have been possible without their support,” he further added.

The number of new investor registrations witnessed substantial growth in CY 2020, with 70 lakh new investor registrations, the highest in a calendar year and 2.3 times the number of registrations in CY 2019. In January 2020, NSE saw its unique registered investor base crossing 3 crores and closed the year at 3.7 crore investors.

NSE’s capital market segment average daily turnover witnessed growth of 57% in CY  2020, maintaining a healthy positive trend for the 7th consecutive year. The volumes transacted through mobile and internet-based platforms have surged, accounting for 35% of cash market turnover.

The year also witnessed the highest inflow in a calendar year from Foreign Portfolio Investors (FPIs) in equities of Rs. 1,70,262 crores up by 68.4% when compared to CY 2019 which saw inflows of Rs. 1,01,122 crores.  Despite operational challenges as a result of Covid, high volatility and volumes, NSE has provided stable, robust and resilient market infrastructure from a trading, risk management, regulatory and technology standpoint.

NSE is focused and committed to further strengthening investor protection through a variety of measures including focused investor education, enhanced broker supervision and market surveillance. Further, it has always been the endeavour of the exchange to provide a wide range of new products and services catering to the diverse risk appetites of the investors as well as providing new business opportunities to its vast network of intermediaries.

Business World

NSE to launch its first agricultural commodity futures contract

Nov 10, 2020 by Gouri Achary 0 Comments #Crude Degummed Soybean Oil (CDSO), #Dr. B.V. Mehta, #Mr. Vikram Limaye, #NSE ADVANTAGE, #Solvent Extractors' Association of India (SEA)

National Stock Exchange of India Ltd (NSE), the leading stock exchange in India, will launch its first agricultural commodity futures contract for Crude Degummed Soybean Oil (CDSO) on December 1st, 2020. The contract is a monthly expiry cash-settled futures contract with a trading lot size of 10 MT and price basis as Kandla.

India is the largest importer of edible oils in the world. This futures contract will provide the missing link in the Indian commodity derivatives ecosystem and will facilitate the Soybean Oils processing and allied industries in India and overseas, a perfect hedging tool for managing their price risk.

The launch of its first agricultural commodity futures contract is yet another milestone in NSE’s mission of bringing in market facilitating products and services which began more than 25 years ago. The introduction of agricultural commodities to our existing suite of products gives the broking community a complete NSE ADVANTAGE to trade and clear on a single platform.

Mr. Vikram Limaye, MD & CEO, NSE said “NSE is dedicated to deepening the Indian commodity markets by providing convenient and cost-effective onshore hedging products. India is one of the largest consumers of edible oils in the world, requires an efficient hedging mechanism for crude Soybean Oil as well. This product will work as a perfect price risk management tool for the market participants and the commodity ecosystem at large.”

The Solvent Extractors’ Association of India (SEA) has congratulated the NSE on this occasion. Dr. B.V. Mehta, Executive Director of the SEA said, “Exchange-traded derivatives contracts are a very useful tool that makes price risk management convenient and easy for the industry. I am sure that our members will find these futures contracts useful in their day-to-day business purposes as well. More such futures contracts should be launched going ahead so that we can have a vibrant commodity markets ecosystem in India.”

Business World

Mr. Vikram Limaye, MD & CEO, NSE speech at NSE’s Dr. R H Patil Memorial Dialogue 2020

Nov 5, 2020 by Gouri Achary 0 Comments #Dr Patil memorial event 2020., #Financial Services, #Mr. Uday Kotak, #Mr. Vikram Limaye, #Prof Eugene Fama, #Robert R. McCormick

The annual Dr. R. H. Patil Memorial event features thought leaders of the highest calibre and reputation as a fitting tribute to the memory of our Founding Managing Director Dr R. H. Patil, who was one of the tallest leaders and institutional builders of the Indian Financial Services industry.

Over a relatively short period of time, NSE has emerged as not only the largest exchange in India but also amongst the top three exchanges in the world. It is also the largest derivatives exchange in the world in terms of a number of contracts traded. Few institutions in India have built a strong global reputation and NSE is one of them.

As an institution of national importance, NSE plays a critical role in working with regulators, government and market participants in the development of capital markets. NSE has always focused on what is in the best interests of the Indian economy, markets and investors and in improving the financial wellbeing of people. We recognise our responsibility to help India achieve its aspirations and take its rightful place amongst the world’s leading economies.

NSE owes a deep sense of gratitude to SEBI and the government for putting in place critical market infrastructure institutions that have been responsible for the robust growth of our economy and capital markets over the past two-plus decades.

In order to achieve sustainable economic growth, it is critical that we expedite market development and capital formation. While the equity markets in India are relatively well-developed, penetration is still low compared to emerging market averages. We need to continue to focus on finding creative ways for investor education and awareness.

Unlike equity markets, the bond, currency and commodity markets in India remain at a nascent stage relative to their potential. It is critical that these markets develop over the next few years for the overall development of financial markets that will provide the necessary depth in terms of product offerings for investors and capital-raising avenues for corporates.

Access to capital for SMEs is another important aspect to support growth and employment. NSE is doing its bit by providing an ecosystem for equity and debt financing for SMEs through the NSE Emerge platform for SME IPOs and the bill discounting platform RXIL – a joint venture with SIDBI for providing working capital financing.

It is important that trust in markets is enhanced and we further integrate the Indian economy and markets into the global ecosystem. NSE is focused on ensuring the highest standards of governance amongst listed corporates and the integrity of markets is strengthened through regulations and surveillance of market intermediaries and trading activities.

We have come a long way over the last 25 years in the evolution of markets and the growth of our economy. The aspirations of our country will continue to be the guiding light as we progress in this journey. As India powers itself forward to become a self-reliant nation, we all need to recommit ourselves to creating the right environment and institutional architecture that is conducive for long-term growth and development.

We are very fortunate and honoured to have with us Prof Eugene Fama for the Dr Patil memorial event 2020.

Prof Eugene Fama, the Robert R. McCormick Distinguished Service Professor of Finance, was awarded the 2013 Nobel prize in Economic Sciences for his contributions to the development of the efficient-market hypothesis and empirical analysis of asset prices. His work has transformed the way finance is viewed and conducted and has received numerous other awards and recognition for his work.

This year’s event is being conducted virtually and will be in a discussion format. We are delighted to have Mr. Uday Kotak who needs no introduction. He is the Managing Director and CEO of Kotak Mahindra Bank and one of the most respected and successful personalities in the financial services industry.

Business World

Update on the NSE RFQ Platform for Debt Securities

Sep 29, 2020 by Gouri Achary 0 Comments #Mr. Vikram Limaye, #National Stock Exchange of India Ltd (NSE), #NSE Data & Analytics Limited

National Stock Exchange of India Ltd (NSE), India’s leading stock exchange had launched the Request for Quote (RFQ) platform for debt securities on February 4, 2020. NSE is happy to announce the release of a new version of the RFQ platform with several new features. RFQ is a specialized platform offered by NSE to cater to the unique needs of the Indian bond market. The platform supplants voice-based negotiations with state-of-the-art electronic negotiation tools to bring auditability and transparency to bond trading.

Corporate funding over recent years is gradually shifting towards capital markets. Given the increasing reliance on the bond markets, it is imperative that information about bonds, term sheets, price information, market quotes, etc. are made available to all market players on an integrated platform to significantly reduce information asymmetry. The NSE RFQ platform supports all these features in a unified marketplace to trade corporate bonds, securitized debt, municipal bonds, CP, CD, G-Sec, SDL, and T-bills. This covers practically all major fixed income instruments available in India. An ISIN level market watch is provided to the participants to view the summary of market activity in a given ISIN. It also provides market depth in the security along with information of best bid and best ask for the quotes initiated. All these features are packaged into a user-friendly and customizable dashboard for a seamless navigation experience.

The platform offers high flexibility with features such as the ability to initiate quotes anonymously / with identity, sending quotes to select participants / entire market, choosing deal parameters, quantity conditions, etc. If a bond has complex terms that require some time to confirm the price, then participants can choose to close the deal on yield and later confirm the price. Alternatively, participants can choose to close deals on yield and price in one go. These features have been especially offered to replicate the flexibility of the voice market. From the risk management perspective, participants can set trading limits for counter-parties which are then monitored by the system. The onboarding process has been made simple for existing CBRICS participants with an added feature of automated reporting of RFQ trades on the reporting platform to make the entire trade, reporting, and settlement process completely seamless.

NSE Data & Analytics Limited, a subsidiary of NSE, is integrating its fixed income analytics tool on to the RFQ platform, enhancing its usability and providing much-needed research and analytics support to the bond market participants. This tool offers rich fixed income security and portfolio analytics along with providing deep insights into fixed income markets through a highly interactive and user-friendly web-based interface.

Mr. Vikram Limaye, MD & CEO, NSE said, “Pre-trade transparency and bringing bond markets to an electronic trading platform will propel Indian bond markets into a higher growth phase. The RFQ platform brings all major debt securities into a unified marketplace with information, data and analytics to empower market participants and to deepen and widen participation. We strongly believe that we need to attract a wider section of participants to the bond markets to make the market robust and vibrant. We believe the RFQ platform will help us achieve this objective. We will continue to add features and facilitation to make this platform the ‘go-to’ marketplace for participants and the best in class platform globally.”