Speed behind market-leading position, says BSE chief
Heavy investment in technology has paid dividends in forex derivative volumes
The Bombay Stock Exchange (BSE) was slow to realise the value of derivative trading, says its chief executive Ashishkumar Chauhan but now the bourse is making speed its selling point. "In derivatives BSE came late – it remained primarily a stock exchange not a multi-instrument exchange," he says.
"We have become market leaders because of our technology. It was slow versus the competition at 300 milliseconds in 2010 when the competition was 10 milliseconds so we matched this in 2013 and the
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