Mumbai, Jan 12 (Agency) The India International Exchange (IFSC) Limited (India INX), country’s first international exchange, witnessed an all-time high trading turnover of over USD 16.86 bn (around Rs 1,23,706 crore) at 1600 hrs on its derivative segment in daily trading turnover on January 12, 2021, with a market share of over 94 per cent in GIFT IFSC. Trading turnover on the BSE’s India International Exchange has been growing exponentially, ever since it commenced trading activities on January 16, 2017. Its average daily trading turnover has crossed over USD 12.32 bn (around Rs 90,395 crore) mark in the month of January 2021, around 21 per cent growth in average daily trading turnover, as compared to the previous month. The cumulative trading turnover has crossed the USD 1.71 trillion (Rs 1,25,46,698 crore) mark, driven by a substantial jump in market participation.
This increased trading activity validates the new products and initiatives taken by the India INX and reflects the growing interest in IFSC among the broking fraternity. Even during the COVID-19 pandemic and lockdown, India INX was operational for 22 hours non-stop and has maintained its leadership as the number one exchange in IFSC GIFT City. The exchange provides a common platform for all asset classes – equities, currencies and commodities. India INX is one of the world’s most advanced technology platforms, with a turn-around time of four micro seconds and operates for 22 hours a day, to allow international investors to trade from anywhere across the globe. India INX offers a diversified portfolio of products and technology services at a cost, which is more competitive to Indian exchanges; as well as other global exchanges like those in Hong Kong, Singapore, Dubai, London and New York.