The Bombay Stock Exchange could list on its own market this year either through an initial public offering or a direct listing, Rajnikant Patel, the group’s chief executive, said.

The move, part of efforts to reform India’s second-largest equities market after its demutualisation in 2005, comes as it seeks to raise its international profile. Futures based on its benchmark Sensex Index are set to launch on the US Futures Exchange in Chicago this week.