The BSE is contemplating reintroducing its Sensex-30 derivatives and has started the process of collecting feedback from its members, the MD and CEO of the premier bourse, Sundararaman Ramamurthy, said on Friday. 

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The Sensex-30 derivatives products (options and futures) were launched in the year 2000. However, compared to its rival exchange's Nifty-50 derivatives, it had failed to generate much interest among investors. 

"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 here. 

"The feedback will help us in understanding what improvements could be made to the Sensex-30 derivatives products to make those more attractive to investors," he said. 

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The Sensex-30 derivatives represents 30 of the largest and most actively traded companies on the BSE. 

The top BSE official, however, did not give a timeframe for the relaunch of the derivatives. 

Ramamurthy, who assumed charge in January, also pointed out that the Sensex-30 derivatives has similarities with Nifty-50, but it is different in some of the aspects. 

"When you have two different but similar products... There could be interplay between the products, and trading strategies evolve, helping the marketplace in growing," he said. 

Ramamurthy said he is striving to make the BSE a "vibrant" exchange, and exploring ways to benefit investors. 

"The exchange wants to offer safer products, and the Sensex-30 derivatives happen to be among those... The capital market has to grow exponentially if the country has to move towards a USD 30-trillion economy by 2047," the BSE chief added.