India INX daily turnover crosses Rs. 3,460 crore

The India International Exchange (India INX), India’s first international exchange based in the International Financial Services Centre (IFSC) at GIFT City, Gujarat has achieved a major milestone on April 16, 2018 when the daily trading turnover of its Derivatives segment crossed approx Rs. 3460 crore.

India INX also achieved an all-time high monthly Average Daily Volume (ADV) of 15,928 contracts in March 2018, an increase of over 33 times from March 2017. As on April 16, 2018, the cumulative trading volume of India INX Derivatives segment has increased to 1.97 million contracts with the cumulative trading turnover surpassing US $32 billion. 

Remarkably, India INX’s trading volume during the first 3 months of calendar year 2018 of 0.91 million contracts is more than the trading volume (0.78 million contracts) during the entire calendar year 2017.

The Government, through its Union Budget 2018, has exempted derivatives transactions conducted in the IFSC GIFT City from Capital Gains Tax which is one of the reasons for increase in the number of membership applications for India INX in IFSC GIFT City.