India INX is India’s first international stock exchange, located in GIFT City, Gujarat. It is a wholly-owned subsidiary of the Bombay Stock Exchange (BSE) and was launched on January 9, 2017 by Prime Minister Narendra Modi. The India International Exchange Ltd. (India INX) is under the ownership of the Ministry of Finance, Government of India.
It operates under the International Financial Services Centre (IFSC) framework and is regulated by the IFSCA (International Financial Services Centres Authority).
India INX claims that it is the world’s fastest exchange with a turnaround time of 4 microseconds. It operates 22 hours a day, six days a week. With this wide time spread investors from across different continents would be able to trade at the time of their suitability.
| Feature | Description |
|---|---|
| Location | GIFT IFSC, Gandhinagar, Gujarat |
| Ownership | Subsidiary of BSE |
| Currency of Trade | USD-denominated contracts |
| Trading Hours | 22 hours a day, 6 days a week (nearly round-the-clock) |
| Technology | Latency of 4 microseconds – one of the fastest globally |
| Regulator | International Financial Services Centres Authority (IFSCA) |
INX will facilitate the listing of global and domestic stocks on this exchange and allow international investors and non-resident Indians to trade from anywhere across the globe at their preferred time.
The exchange provides an electronic platform to facilitate trading, clearing and settlement of the widest range of global benchmark products across all major asset classes, including securities, equity derivatives, precious metals, base metals, energy and bonds.
| Category | Instruments |
|---|---|
| Equity Derivatives | Global index futures (e.g., S&P 500, Dow, Nasdaq), single stock futures |
| Currency Derivatives | USD-INR, EUR-INR, JPY-INR, etc. |
| Commodity Derivatives | Gold, silver, crude oil, base metals |
| Debt Instruments | Masala bonds, foreign currency bonds, green bonds |
| ETFs & Depository Receipts | Global ETFs and DRs of Indian/global companies |
| Sovereign Green Bonds | Listed by Indian government and others for ESG investments |
It is a wholly-owned subsidiary of Bombay Stock Exchange Ltd. Under this wide range of products are traded, which includes equity, currency, and commodity.
In order to move ahead on an extraordinary journey of INX, INX.One was introduced, which is the world’s first fully regulated platform that merges investing and trading in security tokens, cryptocurrency, and capital raise services all in ONE place. INX ONE builds on company’s mission to increase access for US and international investors to the growing opportunities in the digital economy.
It sets a global standard for effectively achieving democratisation in financial markets, while simultaneously providing the necessary regulatory guardrails through close collaboration with US and global regulators.
For security token issuers, INX ONE is a true Token-as-a-Service platform designed for capital raise purposes. The unified, regulated hub simplifies the issuance process by providing everything needed to quickly and easily issue a digital security token to raise capital.
| Advantage | Impact |
|---|---|
| Global access | Serves NRIs, FPIs, and international investors |
| International fund raising | Allows Indian firms to raise capital globally |
| Financial innovation | Supports futuristic products like green bonds, debt ETFs |
| Policy push | Part of India’s broader ambition to build GIFT City as a global finance hub |
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