BSE's India INX single day trading turnover crosses all time high of around Rs 1,23,706 crore

The India International Exchange (IFSC) Limited (India INX), India’s first international exchange based in the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City) witnessed an all-time high trading turnover of over Rs 1,23,706 crore at 04:00 pm on its derivative segment in daily trading turnover on January 12, 2021, with a market share of over 94 per cent in GIFT IFSC.

Trading turnover on the BSE’s India International Exchange has been growing exponentially ever since it commenced trading activities on January 16, 2017. Its average daily trading turnover has crossed over Rs 90,395 crore mark in the month of Jan 2021, around 21 per cent growth in average daily trading turnover as compared to previous month. The cumulative trading turnover has crossed the Rs 1,25,46,698 crore mark driven by a substantial jump in market participation. This increased trading activity validates the new products and initiatives taken by India INX and reflects growing interest in the IFSC among the broking fraternity. Even during the Covid-19 pandemic and lockdown, India INX was operational for 22 hours nonstop and has maintained its leadership as the No. 1 exchange in IFSC GIFT City.

India INX, a subsidiary of BSE Ltd, commenced its trading activities on January 16, 2017, and is India’s first International Exchange set up at GIFT City. It is one of the world’s most advanced technology platforms with a response time of 4 micro seconds and operates for 22 hours a day to allow international investors to trade from anywhere across the globe.