Comments
Leading stock exchange BSE today said it has got approval from the Corporate Affairs Ministry to establish BSE International Exchange and BSE International Clearing Corporation at Gujarat International Finance Tec-city (GIFT).
The exchange had signed an MoU with GIFT SEZ Ltd in January 2015 to set up the two entities — India’s first International Financial Services Centre (IFSC).
“BSE intends to develop an international exchange providing an electronic platform for facilitating trading, clearing and settlement of securities, commodities, interest rates, currencies, other classes of assets and derivatives by international investors in the GIFT SEZ-IFSC, subject to necessary approvals and operating guidelines for IFSCs,” the exchange said in a release.
“BSE’s International stock exchange will provide a platform to trade on equity derivatives, commodity derivatives currency derivatives, interest rate derivatives for Indian and foreign investors,” Ashish kumar Chauhan, Managing Director and CEO, BSE said.
The exchange “will also provide platform for global securities listed on the international exchanges such as NYSE, LSE, NASDAQ etc,” he added.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.