India INX daily trading turnover reaches Rs 2,500 crore

BSE's India International Exchange (India INX) on Wednesday said that its daily turnover has crossed the Rs 2,500-crore mark.

The exchange, located in the Gift City at Gandhinagar, operates 22 hours every day by opening with the Japanese markets and closing with Chicago markets.

India INX, a fully owned subsidiary of BSE and launched its operation in January 2017, has a cumulative turnover since its inception around $10 billion.

Commenting on the development, India INX Managing Director and Chief Executive Officer V Balasubramaniam said the company is very happy to complete a year of operation on Tuesday, and this progress is a validation to our efforts which we are delivering seamlessly.

"This also reflects the increasing our interest in the IFSC amongst the broking fraternity. Recently, India INX launched its debt listing platform -the global securities market with listing of listed Indian Railway Finance Corporation's (IRFC) green bonds," he said.

India INX provides a common platform for all asset classes including equities, currencies and commodities.