India International Exchange.December 22, 2020
India International Exchange
The India International Exchange Limited (India INX) is India‘s first international stock exchange. It is located at the International Financial Services Centre (IFSC), GIFT City in Gujarat. It is a subsidiary of BSE Limited.
It was inaugurated by Indian Prime Minister Narendra Modi on 9 January 2017. The trading operations began on 16 January 2017. It operates on EUREX T7, an advanced technology platform. It is the world’s fastest exchange, with a turn-around time of 4 microseconds. It operates 22 hours a day, six days a week. These timings facilitate international investors and Non-Resident Indians to trade from anywhere across the globe at their preferred time. Its daily turnover volume crosses ₹74,509 crores.