Hearing Ramamurthy speak feels like listening to a professor patiently explaining a concept, but there is no missing the sarcasm or the point he is trying to make.
Contradicting the perception that low volatility in the BSE SME exchange is resulting in blatant price manipulation, Ramamurthy said price manipulation can also happen in a liquid exchange.
"India requires more than one active exchange, and hence the need to make the BSE more vibrant. We trying to differentiate by tweaking our product offerings," the bourse's MD & CEO Sundararaman Ramamurthy said.
For BSE’s new chief Sundararaman Ramamurthy, the biggest challenge is to bring back high rollers to the exchange
"We are trying to reintroduce Sensex-30 derivatives, and have started the consultation process by taking the feedback of market participants," Ramamurthy said at an Assocham-organised event in Kolkata.
The appointment comes after BSE's erstwhile MD & CEO Ashishkumar Chauhan resigned from the bourse in July 2022 and moved to NSE.
Sundararaman Ramamurthy was instrumental in shaping the NSE’s equity derivatives segment and also its tech transformation, a reboot that the BSE desperately needs. As the MD and CEO of Asia’s oldest exchange, he has his job cut out
The approval comes more than four months after Ashishkumar Chauhan resigned as the MD & CEO of the exchange with effect from July 25.