BSE's India INX hits highest turnover in Gold Futures, Derivatives

India’s first international exchange, India International Exchange Limited (India INX) based out of the International Financial Services Centre at Gujarat International Finance Tech -City achieved a significant milestone on March 26, 2018 as its daily trading turnover in the derivatives segment reached Rs. 3,287 crore.     
  
The trading turnover on the India INX 32-troy ounce Gold Futures contract touched its al l-time high of Rs. 1,895 crore comprising of about 68 per cent of the turnover of the equivalent Gold Futures traded in the domestic markets on March 26, 2018. 
  
The cumulative trading turnover of the exchange has crossed US$ 26.2 billion mark on the back of a substantial hike in market participation. India INX has maintained its lead in IFSC GIFT City with an overall market share of nearly 82 per cent for March 2018. The cumulative trading turnover of the India INX Gold futures is US$ 11.5 billion with the S&P BSE SENSEX 50 Index Futures contributing US$ 11.6 billion. Whereas, t he cumulative turnover on the SENSEX 50 Index Options is US$ 2.5 billion.  
  
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. Option contracts have also been launched for several of these products.