India's first international exchange - BSE's India INX on Wednesday registered a new milestone by clocking a turnover of $ 109 million at GIFT-International Financial Services Centre (IFSC).
Speaking on the development, V. Balasubramaniam, MD & CEO, said, "We are witnessing an increasing interest in participation, especially in Sensex50 index futures as well as Gold contracts. There has been a consistent improvement in the daily trading volumes and as we add more products to our basket we are expecting a further uptick. We are in the process of getting regulatory approvals for more products, which will help attract more investors – both domestic and international."
The trading volumes at the exchange have improved significantly since it began operations in January 2017.
In January this year, the BSE Ltd had kicked-off trading activity at the international exchange - India INX providing a platform for trading in international securities for corporate and institutions from India.
The exchange is designed to 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 Union Minister of State for Finance and Corporate Affairs, Arjun Ram Meghwal had launched the trading on the India INX at the International Financial Services Centre (IFSC) in GIFT City, Gandhinagar.