The National Stock Exchange of India (NSE) was the world’s largest derivatives exchange in 2022, based on data maintained by the Futures Industry Association (FIA), the exchange said in a statement on Sunday.

According to statistics maintained by the World Federation of Exchanges (WFE), NSE ranks third in the world in equities by the number of trades (electronic order books) in 2022, up from the previous year.

In equities, the average daily turnover of exchange-traded funds on exchanges in FY22 was Rs 470 crore, up 51% year-on-year. The average daily volume of sovereign gold bonds in the secondary market was Rs 7 crore in FY22, up 59% YoY. Government securities offered on the NSE equities segment saw notable growth, albeit from a low base, with trading volumes reaching an average daily turnover of Rs 3 crore last month.

In the derivatives space, the recent launch of Nifty Financial Services index derivatives has witnessed the successful accumulation of liquidity, the exchange said.

On the derivatives front, NSE is working on new products in the currency, interest rate, and commodity derivatives space and will announce their launch shortly after receiving regulatory approval.