In a report by India info line, it says that The India International Exchange (IFSC) Limited (India INX), India’s prime international exchange based in the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City) witnessed an all-time high trading turnover of over USD 10 bn (Rs74,509cr approx.) on its derivative segment in daily trading turnover on November 17, 2020 with a market share of over 91% in GIFT IFSC.
Trading turnover on the BSE’s India International Exchange has been growing considerably ever since it commenced trading activities on January 16, 2017. Its average daily trading turnover has crossed over USD 6.50 bn (Rs48,442cr approx.) mark in the month of Nov 2020, a 20.23% growth in average daily trading turnover as compared to previous month. The cumulative trading turnover has crossed the USD 1.33 trillion (Rs99,11,750cr) mark driven by a substantial jump in market participation.
This increased trading activity validates the new products and initiatives taken by India INX and reflects growing interest in the IFSC among the broking fraternity. Even during the Covid-19 pandemic and lockdown, India INX was operational for 22 hours nonstop and has maintained its leadership as the No. 1 exchange in IFSC GIFT City.
The exchange provides a common platform for all asset classes - equities, currencies, commodities.... The exchange being located in IFSC, GIFT City, provides competitive advantage in terms of tax structure and supportive regulatory framework.
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