BSE-promoted India International Exchange (India INX) recorded an all-time high in daily turnover of over Rs 1,700 crore (USD 264 million) today. The bourse registered this turnover at the end of morning session at 5.00 pm and before commencement of the evening session of nine and half hours from 5:00 pm to 2:30 am.
This is the highest daily trading volume recorded by the exchange since inception, accounting for 75 per cent of the total trading volumes in Gift City. “India INX has witnessed significant progress in trading volumes, since we commenced operations on January 2017. This reflects the increasing interest in the IFSC amongst the broking fraternity and also the efforts put in to build out the exchange ecosystem. We are positive that this momentum will continue into the New Year as well,” India INX MD and CEO V Balasubramaniam said in a statement.
An arm of BSE, India INX, is the first international exchange from India at International Financial Service Centre (IFSC), Gujarat International Finance Tech (GIFT). At present, India INX and the NSE IFSC are the two exchanges at the IFSC. While India INX went live in January, NSE IFSC started trading in June. These bourses offer trading facilities for 22 hours.
Since inception, BSE’s India INX has clocked a trading turnover of USD 10 billion.