India’s first international exchange — BSE’s India INX, on Wednesday registered a new milestone clocking a turnover of $109 million at the GIFT-International Financial Services Center (IFSC).
Speaking on the development, V Balasubramaniam, MD & CEO, said: “We are witnessing an increasing interest in participation, especially in Sensex 50 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.”
In January this year, the BSE 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 global markets.
The technology used at India INX is among the fastest in the world with a response time of four microseconds.