BSE’s India INX crosses Rs 1000 crore trade volume

India’s first international exchange, BSE’s India International Exchange surpassed the Rs. 1,000 crore or USD 157 million mark in daily trading turnover, recording its highest ever trading volume on Tuesday.

BSE’s India International Exchange’s highest trading volume at Rs. 1,000 crore accounted for about 75 per cent of the aggregate trading volumes in the Gift City.

Following the development, the MD & CEO of the exchange, V Balasubramaniam said that the increased trading activity served as a validation for the new products and initiatives launched by the exchange in the recent times. Further, the CEO also assured of a continued growth in the trading volumes of the exchange.

Largely driving the trading volumes on the exchange, Sensex50 index futures witnessed tremendous trading activity  during the trade session on Tuesday. The index  record ed  a turnover of USD 127 million, while the Gold futures witnessed a turnover of around USD 30 million.

Since its inception, BSE’s India INX has clocked a trading turnover of over USD 8.78 billion.  The exchange operates 22 hours every day, opening with the Japanese markets and closing with Chicago markets.