Why NSE’s Ashishkumar Chauhan is not keen on “the largest market for derivatives”

While Brazil may have exceeded India as the largest market for derivatives according to the number of contracts, CEO of NSE Ashishkumar Chauhan said that it will not want to restore the crown. For Chauhan, what is more important is the formation of capital. Since 1994, he said that the market value in India has increased from 3.6 rupees to 450 rupees, a growth of 125 times.

Qohan said that being the largest derivative exchange in the world was wrong, and most importantly because the value of options in India was very low. “Regarding what is actually circulating is its premium. Here in India, about 20 percent of American numbers are so that we were not so large that our value for every trade was very small. It is like if you sell 100 grapes and 50 American watermelon.

This is where the United States is the largest market in the world, as he said at the BT India@100 event.

“In fact, I was told last week – Tesla, trading more in many days in options compared to the size of the entire derivatives of India in the options, right?”

He said that this ended in a conception that India had created a speculative market. India is still a very small market in the United States. Speaking of Brazil, he said that the country recently reduced the size of the contract.

“For me, it is not good to be this crown anyway. Neither Brazil is a rich country nor our king. To be proud of a speculative tool that is not a great idea. For me, I am proud of India, the fourth greater market by the United States, China and Japan. This is that the important thing is how we do the formation of capital, given that there is a poor country with $ 3000 dollars that clothes cannot not allow.

Zhuhan, who took over NSE as CEO and MD in 2022, was early MD and CEO of the Stock Exchange Stock Exchange competing (BSE).

He said it was a difficult period for NSE, three years ago. When NSE’s opportunity came, Chahanhan said that one of the biggest issues in the family is whether I should take this job. This is because there were differences and also some of his former colleagues went to prison.

He said: “You do not end up taking care of jobs, it sends you to some extent in this type of things, isn’t it? This is the place that was very difficult for the family. Also, until now every day, my wife asks me in the morning – she is a doctor. For example, do you really want to do this task?”

Zhhan recalled that NSE began in 1992, when he was among the only five people.

“When three years return, literary, to this day, I joined, in July 2022, and of course, you have to worry about falling from bad advertising. The organization’s structure in NSE, technology was not strong, and there were concerns about the administration,” Quhan said.

Chahhan said that the exchange that rises to this level of expectations was not. “We have made changes to management, on technology. Every day, NSE must work and you have to do things behind the scene to make these changes. It is like changing the patient’s heart while running,” said Qohan.

Qohan said that everything he did to exchange was not easy in the first months of 2022, when media channels were 6-7 exploding on the stock exchange and they needed very caution.

“You can make a mistake. Quhan said.

He said that the performance of NSE over the course of 30 years, since the technology revolution in India began expecting expectations. A method is prisoner of its good performance of the past.