BSE’s India INX at GIFT city crosses Rs 2500 crore transaction mark

Gandhinagar:

BSE’s India International Exchange, country’s first international exchange situated in the GIFT city near here, India INX today witnessed an all-time high turnover of over Rs. over Rs. 2,500 crores ($404.69 million) in daily trading.

The exchange which went live in January this year and operates 22 hours every day – opening with the Japanese markets and closing with Chicago markets, had touched the Rs 1800 crore on December 19 while 1000 crore daily transaction mark in the first week of that month.

This is the highest volumes recorded by the exchange since inception, accounting for 82% of the total trading volumes. Cumulative turnover on the India INX since inception is approximately 10 billion US dollars.

India INX, a 100 percent subsidiary of BSE, launched its trading operations at the International Financial Service Centre (IFSC) at the Gift City in Gujarat on January 16 last year.

Speaking about the development, MD & CEO Mr. V. Balasubramaniam said, “We are very happy to complete a year of operation yesterday and this progress is a validation to our efforts which we are delivering seamlessly. This also reflects the increasing our interest in the IFSC amongst the broking fraternity. Recently, India INX launched its debt listing platform —the global securities market with listing of listed Indian Railway Finance Corporation’s (IRFC) green bonds”.

“We have one of the world’s most advanced technology platforms with a turn-around time of 4 micro seconds” said Balasubramaniam.

The exchange provides a common platform for all asset classes – equities, currencies, commodities.

DeshGujarat

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