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India International Exchange
| Type | subsidiary of Bombay Stock Exchange |
|---|---|
| Location | Gujarat International Finance Tec-City, Gandhinagar, Gujarat, India |
| Founded | 2017 |
| Owner | Bombay Stock Exchange (100%) |
| Key people | V. Balasubramaniam (Chief Executive Officer and Managing Director) |
| Currency | Indian rupee (INR/₹) |
| Website | www |
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[edit]
References[edit]
- ↑ 1.0 1.1 "Narendra Modi inaugurates India International Exchange". India Times. Indo-Asian News Service. 9 January 2017. Retrieved 16 January 2017.
- ↑ "PM Narendra Modi launches India's first international stock exchange". India Today. 13 January 2017. Retrieved 16 January 2017.
- ↑ Upadhyay, Jayshree P.; Maulik, Pathak (9 January 2017). "V. Balasubramanian to head India International Exchange". Live Mint. Retrieved 16 January 2017.
- ↑ "About India INX". India INX. Retrieved 11 February 2020.
- ↑ "ADB raises $118 million from rupee-linked bonds". The Economic Times. 26 February 2020. Retrieved 23 March 2020.
External links[edit]
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