Type | Stock Exchange |
---|---|
Location | Gujarat International Finance Tec-City, Gandhinagar, Gujarat, India |
Founded | 2017 |
Owner | Ministry of Finance, Government of India. |
Key people | V. Balasubramaniam (Chief Executive Officer and Managing Director) |
Currency | ₹ (Indian rupee) |
Website | indiainx.com |
The India International Exchange Limited (India INX) is India's first international stock exchange which is launched as a subsidiary of the Bombay Stock Exchange (BSE). [1] It is located at the International Financial Services Centre, GIFT City in Gujarat. [2]
It was inaugurated by the Prime Minister of India, Narendra Modi, on 9 January 2017. [3] The trading operations began on 16 January 2017. It operates on EUREX T7, an advanced technology platform. India INX claims that 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. [5] These timings facilitate international investors and Non-Resident Indians to trade from anywhere across the globe at their preferred time.
India International Exchange (INX) is India's first international exchange, located at the International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City). It was launched by the BSE (Bombay Stock Exchange) in January 2017 with the aim of providing a world-class trading platform for international investors.[ citation needed ]
INX offers trading in various asset classes, including equities, currencies, and commodities. It operates for 22 hours a day, allowing investors from different time zones to trade at their convenience. The exchange is regulated by the Securities and Exchange Board of India (SEBI) and offers several tax benefits to investors. [6]
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In early 2020, the Asian Development Bank raised $118 million from offshore rupee-linked 10-year bonds. The bonds were listed on India INX. [21] India INX offers access to the full range of stocks and exchange-traded funds available in US markets. The daily average volume in foreign stocks in India INX during the month of January 2022 was $5,242. By May it had risen to $42,954 and to $195,139 in June 2022. During the last week of June, the daily average volume was $462,036. [22]
India International Exchange (IFSC) Limited, also known as India INX, is a wholly-owned subsidiary of BSE (Bombay Stock Exchange) Ltd. It is India's first international exchange located at the International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City). India INX offers a wide range of products, including equity derivatives, currency derivatives, and commodity derivatives.
Some of the key indices that are traded on India INX are: [23] [24]
India International Exchange (IFSC) Ltd. (India INX) follows the listing requirements set by the Securities and Exchange Board of India (SEBI), which are as follows: [25] [26]
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