Total daily trading volume on BSE's international exchange in the Gift City today crossed the USD 100 million mark for the first time.
The India International Exchange (India INX) was launched with index and equity futures in January this year, but had not been able to gain much traction. The entry of commodity derivatives in gold, silver and copper on April 13 seems to have changed that.
The total daily volume today stood USD 100.59 million.
"Trading volume crossed USD 100 million today for the first time in a single trading day," India INX said in a statement.
India Inx managing director and CEO V Bala said "We are thankful to MoF, Sebi and Gift city authorities for their continued support for this initiative to support and build international competitive exchange at Gift city Gandhinagar, India's first IFSC".
An arm of BSE, India INX, is the first international exchange from India at International Financial Service Centre (IFSC), Gujarat International Finance Tech (GIFT).
India INX is one of the world's most advanced technology platforms with a turn-around time of 4 micro seconds. It operates for 22 hours a day to allow international investors and non residents Indians to trade from anywhere across the globe.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)