India INX daily trading turnover crosses Rs 2,100 cr mark

Mumbai, Jan 12 (PTI) BSE's India InternationalExchange saw an all-time high turnover of over Rs 2,100 crore(USD 319.58 million) in daily trading turnover today.This is the highest volume recorded by the exchangesince inception, accounting for 70 per cent of the totaltrading volumes in Gift City, India INX said in a statement.The cumulative turnover on the India INX sinceinception is approximately USD 10 billion.The exchange operates 22 hours every day – openingwith the Japanese markets and closing with Chicago markets."This is the highest turnover the exchange has seentill date. This reflects the increasing interest in the IFSCamongst the broking fraternity and also the efforts put in tobuild out the exchange ecosystem," India INX managing directorand CEO V Balasubramaniam said in the statement.India INX went live on January 16, 2017 and is India'sfirst international exchange set up at GIFT City. It is one ofthe world's most advanced technology platforms with aturn-around time of 4 micro seconds.The exchange provides a common platform for all asset classes - equities, currencies, commodities. It is also planning to launch depository receipts and bonds once the required infrastructure is in place.

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