F&O relaunch had a flywheel effect across business verticals: BSE MD Ramamurthy

BSE MD and CEO Sundararaman Ramamurthy, in an interview, highlighted how the derivatives segment relaunch created a flywheel effect across business verticals. Since joining in January 2023, BSE's market cap surged from around 23,000 crore to 1.63 trillion, a 14x increase, driven by customer-centric strategy, cost rationalization of about 100 crore, organizational restructuring, and technology upgrades that raised derivatives trading capacity from 10 crore orders per day to 1,800 crore orders per day with peak capability of 22 lakh orders per second. He termed the proposed NSE listing a special personal milestone given his prior long tenure at NSE.