The following article is based on my own interpretation of the said events and/ or publicly available information. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.
Nishitha Kasara, MBA 2016-18, Vinod Gupta School of Management, IIT Kharagpur
IndiaINX –India International Exchange is country’s first international exchange inaugurated by PM Modi at Gujarat International Finance-Tec(GIFT) City in Gandhinagar. It provides an electronic trading platform for companies that are willing to go abroad.
A subsidiary of Bombay Stock Exchange, India INX is one of the world’s most advanced technology platforms with a turn-around-time of 4 micro seconds which will operate for 22 hours a day, allowing international investors and NRIs to trade from anywhere across the globe.
INX will trade initially in equity derivatives, currency derivatives, commodity derivatives including index and stocks. It plans to offer depository receipts and bonds later.This has been done with a view of enabling the Indian firms to compete on an equal footing with offshore financial centres
Indian International Exchange ( INX ) will create more Capital Inflow in Indian Economy from Global Investors in coming years. It also helps in increasing liquidity in Indian Share Market.