The BSE Limited kicked-off trading activity at the India's first international exchange - India INX on Monday paving the way for trading in international securities for corporate and institutions from India.
The Union Minister of State for Finance and Corporate Affairs Arjun Ram Meghwal launched the trading on the India INX at the International Financial Services Center (IFSC) in GIFT City, Gandhinagar.
BSE, through its wholly-owned subsidiary India International Exchange will initially offer trading in derivative products - equity, currency and commodities. In the second phase, which will be implemented after about a year, will offer depository receipts and bonds including Masala Bonds trading.
The exchange will operate for 22 hours covering all the global markets. The technology used at India INX is the fastest in the world with response time of four microseconds.
The Prime Minister Narendra Modi on January 9 had made a soft launch of the exchange ahead of the Vibrant Gujarat Summit.