India International Exchange
The India International Exchange Limited (India INX) is India's first international stock exchange.[1][2] It is located at the International Financial Services Centre (IFSC), GIFT City in Gujarat.[3] It is a subsidiary of BSE Limited.
| Type | Stock Exchange |
|---|---|
| Location | Gujarat International Finance Tec-City, Gandhinagar, Gujarat, India |
| Founded | 2017 |
| Owner | Subsidiary of Bombay Stock Exchange |
| Key people | V. Balasubramaniam (Chief Executive Officer and Managing Director) |
| Currency | Indian rupee (INR/₹) |
| Website | www |
It was inaugurated by Indian Prime Minister Narendra Modi on 9 January 2017. The trading operations began on 16 January 2017. It operates on EUREX T7, an advanced technology platform. It is the world's fastest exchange, with a turn-around time of 4 microseconds.[4] It operates 22 hours a day, six days a week.[1] These timings facilitate international investors and Non-Resident Indians to trade from anywhere across the globe at their preferred timings.The Daily Volume traded is US $ 1.5 Billion or Rs.10,000 Crores
Asian Development Bank listing the bonds on India International Exchange. ADB recently raises $118 million from rupee-linked bonds and supporting the development of financial market infrastructure in India.[5]
References
- "Narendra Modi inaugurates India International Exchange". India Times. Indo-Asian News Service. 9 January 2017. Retrieved 16 January 2017.
- "PM Narendra Modi launches India's first international stock exchange". India Today. 13 January 2017. Retrieved 16 January 2017.
- Upadhyay, Jayshree P.; Maulik, Pathak (9 January 2017). "V. Balasubramanian to head India International Exchange". Live Mint. Retrieved 16 January 2017.
- "About India INX". India INX. Retrieved 11 February 2020.
- "ADB raises $118 million from rupee-linked bonds". The Economic Times. 26 February 2020. Retrieved 23 March 2020.
