BSE India INX daily turnover crosses Rs 3257 crore

India’s first international exchange, India International Exchange Limited (India INX), based in the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City) reached a significant milestone of a daily trading turnover of Rs. 3,257 crore in the derivatives segment on Monday. The exchange’s daily trading turnover in the derivatives segment crossed the Rs 3,257 crore (USD 500 million) level during the trade. 

The India INX Futures are currently available on the SENSEX, SENSEX 50, Gold, Silver, Gold KG, Brent Crude Oil, Euro dollar, British Pound, Japanese Yen, 107 Indian equity stocks as well as international equities such as Apple, Microsoft, Facebook, Alphabet and JP Morgan. The exchange has also launched option contracts on several of these products.

The India INX platform offers a diversified portfolio of products and technology services at a cost which is far more competitive to Indian exchanges as well as other global exchanges like those in Hong Kong Singapore, Dubai, London and New York. 

The exchange being located in IFSC, GIFT City, provides competitive advantage in terms of tax structure and supportive regulatory framework, including benefits in security transaction tax, commodity transaction tax, dividend distribution tax and long-term capital gain tax waivers and no income tax. 

India Inx, a wholly-owned subsidiary of BSE Ltd, commenced its trading activities on January 16, 2017 and is India’s first International Exchange set up at GIFT City.