Daily trading turnover on BSE's India INX crosses Rs 1,700 cr

Press Trust of India  |  New Delhi 

BSE-promoted International Exchange (INX) recorded an all-time high in daily turnover of over Rs 1,700 crore (USD 264 million) today.

The bourse registered this turnover at the end of morning session at 5.00 pm and before commencement of the evening session of nine and half hours from 5:00 pm to 2:30 am.


This is the highest daily trading volume recorded by the exchange since inception, accounting for 75 per cent of the total trading volumes in Gift City.

"INX has witnessed significant progress in trading volumes, since we commenced operations on January 2017. This reflects the increasing interest in the IFSC amongst the broking fraternity and also the efforts put in to build out the exchange ecosystem.

"We are positive that this momentum will continue into the New Year as well," INX MD and CEO V Balasubramaniam said in a statement.

An arm of BSE, INX, is the first international exchange from at International Financial Service Centre (IFSC), Gujarat International Finance Tech (GIFT).

At present, INX and the NSE IFSC are the two exchanges at the IFSC. While INX went live in January, NSE IFSC started trading in June. These bourses offer trading facilities for 22 hours.

Since inception, BSE's INX has clocked a trading turnover of USD 10 billion.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 13 2017. 18:00 IST