The India International Exchange Limited (India INX) is India's first international stock exchange and subsidiary of Bombay Stock Exchange.[1][2] It is located at the International Financial Services Centre, GIFT City in Gujarat.[3] It is a subsidiary of 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.[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 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.[5]
See also
References
- ↑ 1.0 1.1 Narendra Modi inaugurates India International Exchange(9 January 2017).
- ↑ PM Narendra Modi launches India's first international stock exchange(13 January 2017).
- ↑ V. Balasubramanian to head India International Exchange(9 January 2017).
- ↑ About India INX. India INX.
- ↑ ADB raises $118 million from rupee-linked bonds. The Economic Times(2020-02-26). Retrieved 2020-03-23.
External links
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