India INX applauded for opening Indian market to global traders

 

The nine-month old India International Exchange (India INX) has been awarded for being the fastest emerging bourse and recognised for opening up the Indian market to global traders. The award was given by Futures and Options World (FOW) of the London-based Euromoney Institutional Investor plc. India INX is in the midst of adding more international products, including the Rupee-denominated Masala Bonds which are launched by Indian corporations and Public Sector Units as well as dollar-denominated bonds. India INX aspires to achieve over USD 100 million volume threshold in the current fiscal year ending March 2018.

India INX has commenced mock trading from January 2017 and recorded a daily volume peak of USD 103 million on 2 May 2017. India International Exchange IFSC Limited (India INX) is wholly owned subsidiary of the BSE Limited, Asia’s oldest stock exchange.

India INX is now India’s first International Exchange set up at GIFT City. India INX is one of the world’s most advanced technology platforms with a turn-around time of 4 micro seconds. India INX operates for 22 hours a day to allow international investors and Non Residents Indians to trade from anywhere across the globe.