View source for India International Exchange

{{Use dmy dates|date=January 2017}}
{{Use Indian English|date=January 2017}}

{{Infobox exchange
|name       = '''India International Exchange'''
|nativename =
|logo       = 
|image      = 
|type       = [[subsidiary]] of [[Bombay Stock Exchange]]
|city       = [[Gujarat International Finance Tec-City]], [[Gandhinagar]], [[Gujarat]]
|country    = [[India]]
|coor       = 
|founded    = 2017
|owner      =  [[Bombay Stock Exchange]] (100%)
|key_people = V. Balasubramaniam (Chief Executive Officer and Managing Director)
|currency   = [[Indian rupee]] (INR/₹)
|listings   = 
|mcap       = 
|volume     = 
|indexes    = 
|homepage   = {{URL|http://www.indiainx.com/}}
|footnotes  = 
|imagesize=}}

The '''India International Exchange Limited (India INX)''' is [[India]]'s first international [[stock exchange]] and [[subsidiary]] of [[Bombay Stock Exchange]].<ref name="economictimes-launch">{{cite news|title=Narendra Modi inaugurates India International Exchange|url=http://economictimes.indiatimes.com/markets/stocks/news/narendra-modi-inaugurates-india-international-exchange/articleshow/56425259.cms|accessdate=16 January 2017|agency=[[Indo-Asian News Service]]|publisher=India Times|date=9 January 2017}}</ref><ref name="india-today-launch">{{cite news|title=PM Narendra Modi launches India's first international stock exchange|url=http://indiatoday.intoday.in/education/story/modi-launches-india-stock-exchange-gift-city/1/856370.html|accessdate=16 January 2017|publisher=India Today|date=13 January 2017}}</ref> It is located at the International Financial Services Centre, [[GIFT City]] in [[Gujarat]].<ref name="livemint-Balasubramanian">{{cite news|url=http://www.livemint.com/Money/e550zhWvpdxeRWCbMx2dYM/V-Balasubramanian-to-head-India-International-Exchange.html|title=V. Balasubramanian to head India International Exchange|last1=Upadhyay|first1=Jayshree P.|date=9 January 2017|accessdate=16 January 2017|publisher=Live Mint|last2=Maulik|first2=Pathak}}</ref> It is a subsidiary of [[Bombay Stock Exchange|BSE Limited]].

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.<ref name="about-india-inx">{{cite web|website=India INX|title=About India INX|url=https://www.indiainx.com/static/about.aspx|accessdate=11 February 2020}}</ref> It operates 22 hours a day, six days a week.<ref name="economictimes-launch" /> These timings facilitate international investors and [[Non-resident Indian and person of Indian origin|Non-Resident Indians]] to trade from anywhere across the globe at their preferred time. Its daily turnover volume crosses ₹74,509 crores.

[[Asian Development Bank]] lists the bonds on India International Exchange. In early 2020, the bank raised $118 million from rupee-linked bonds and supporting the development of financial market infrastructure in India.<ref>{{Cite news|url=https://economictimes.indiatimes.com/markets/bonds/adb-raises-118-million-from-rupee-linked-bonds/articleshow/74313917.cms|title=ADB raises $118 million from rupee-linked bonds|date=2020-02-26|work=The Economic Times|access-date=2020-03-23}}</ref>

== See also ==
* [[Bombay Stock Exchange]]
* [[Masala bonds]]
* [[List of stock exchanges in the Commonwealth of Nations]]

== References ==
{{reflist}}

== External links ==
* {{Official website|http://www.indiainx.com/}}

{{Financial services in India}}
{{Stock exchanges in India}}
{{Economy of India related topics}}
{{Stock market}}

[[Category:2017 establishments in Gujarat]]
[[Category:Bombay Stock Exchange]]
[[Category:Stock exchanges in India]]
[[Category:Gandhinagar]]
[[Category:Financial services companies established in 2017]]
[[Category:Indian companies established in 2017]]
{{India-econ-stub}}