New F&O inclusions were waiting in the wings, decision based on algorithm: NSE's Ashish Chauhan

Chauhan added that the intention of the regulator here is to protect to common investor. "Whenever regulators have tightened regulation, markets have become safer, and participants have come," he said.

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26 Aug, 2025 12:21

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NSE MD and CEO Ashish Chauhan said the 45 new inclusions in the F&O segment was a decision based on algorithm, and that many of these names were waiting in the wings for a while.

Speaking at CNBC-TV18's Global Leadership Summit on November 14, Chauhan the names were included after these stocks became more liquid in terms of trading volumes, and large enough for them to enter the derivative segment.

Track Live updates from the CNBC-TV18 Global Leadership Summit 2024 right here.

These stocks, prominent among them are Zomato, BSE, Jio Financial, Avenues Supermart, Paytm and others, will be available for trading from November 29 onwards in the futures and options segment. The National Stock Exchange's circular said details regarding the lot size, quantity limits etc for these securities will issued on November 28.

Next week onwards, trading in Bank Nifty's weekly contract - which used to garner heavy derivative interest and volumes - will not take place, as previous indicated by market regulator Sebi. At its peak in February this year, the overall options trading had reached $6 trillion in notional value.

Responding to this development, Ashish Chauhan recalled that when NSE had started, it used to handle 10,000 trades a day, which has now swelled to 30 crore trades, so a mild scale down is not a concern. "Even if one comes down a little, it is several thousand times larger," he said. Market participants have been voicing concern that such a development may impact the revenue of the stock exchanges, going forward.

Chauhan added that the intention of the regulator here is to protect to common investor. "Whenever regulators have tightened regulation, markets have become safer, and participants have come," he said.

Chauhan said the regulator has the benefit of receiving signals from all sides of the market, not just from few participants. "As regulators, we get a lot of signal from all corners, while (market) participants only see their side of the signals." seeing the micro as well as the macro picture. "Never second guess the regulator on regulatory tightness."

"I have seen both sides, being the regulated and also the regulator. For me, when markets have to be protected, if trust is not there and people are losing money, then Sebi has to take notice, and no one should have an argument with Sebi on that," Chauhan added.