“NSE Tops Global Derivatives Market 5th Year; Ranks 3rd in Equities in 2023”

Current Context: NSE is the world’s largest derivatives exchange for the fifth consecutive year in 2023 by number of contracts traded.

NSE is also ranked 3rd in the world in equity segment by number of trades (electronic order book) in 2023, as per the statistics maintained by World Federation of Exchanges (WFE).
This ranking is published by the Futures Industry Association (FIA), a derivatives trade body on 18th January 2024.
NSE has achieved many milestones in 2023, such as surpassing USD 4 trillion in market capitalization of listed companies, launching the Social Stock Exchange segment, and commencing the NSE IX-SGX GIFT Connect.
NSE has also witnessed record high turnover on single day in both equity and equity derivatives segments in 2023.

Question:

Q.1 What is the rank of NSE in the world in the equity segment by number of trades in 2023?
a. 1st
b. 2nd
c. 3rd
d. 4th