Dear WFE Delegates,
On behalf of National Stock Exchange of India, we are delighted to welcome you to Mumbai, the financial centre of India, as hosts of IOMA: WFE’s 36th Clearing & Derivatives Conference 2019.
Mumbai is the capital city of the Indian state of Maharashtra and home to the nation’s most significant financial institutions. The city, known as Bombay until 1995, lies on the Konkan coast on the west coast of India and has a deep natural harbour.
Mumbai is the financial, commercial and entertainment capital of India and houses financial institutions such as the Reserve Bank of India, the Securities and Exchange Board of India (the securities market regulator), the National Stock Exchange of India, the Bombay Stock Exchange and the Multi Commodity Exchange of India.
NSE launched electronic screen-based trading in 1994, derivatives trading (in the form of index futures) and internet trading in 2000, which were each the first of its kind in India. Our flagship index, Nifty50 is used extensively by investors around the world as a barometer of the Indian capital markets. According to WFE statistics as at end H1 2018, we are leaders in terms of number of contacts traded in Index Options, second in number of Stock Futures, Currency Futures, Currency Options and among the top two Exchanges worldwide in number of equities trades. NSE is the first Indian stock exchange to be part 30 exempted by Commodity Futures Trading Commission (CFTC).
NSE’s wholly owned subsidiary, NSE Clearing Limited (formerly known as National Securities Clearing Corporation Limited), is responsible for the clearing and settlement of all trades executed on NSE, and deposit and collateral management and risk management functions. NSE Clearing has maintained a credit rating of 'AAA' from CRISIL since 2008. In 2017, the European Securities & Markets Authority (ESMA) certified our clearing arm as a qualified central counterparty (CCP).
IOMA: WFE’s Clearing & Derivatives Conference 2019 will be an opportunity for our industry to engage in a debate about the future of clearing, the derivatives markets and the financial market infrastructure that supports them.
My colleagues and I look forward to welcoming you all to Mumbai this April.
Mr Vikram Limaye
Managing Director and Chief Executive Officer
National Stock Exchange of India Ltd