Under a new CEO, the exchange’s derivatives platform has become attractive again, giving investors hope that it will claw back some of the ground it ceded to the NSE.
Last July, it looked like BSE had hit rock bottom. Its CEO of close to 10 years, Ashishkumar Chauhan, had resigned abruptly to join cross-town rival, the National Stock Exchange, and the stock was on a downward spiral. Worse, there was no smooth change of guard; the running of the exchange was handled by an executive management committee for the next six months.
While Chauhan gets credit for making BSE the world’s fastest exchange for investors to trade on—with a median speed of six microseconds—and for taking it to a successful public listing in 2017, not everything that he touched …
Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.
Executive Editor
surendar@mailtmc.com
Mumbai